Subscribe to Nikkei News
Email Newsletter

Home Equity Line of Credit and Loan

Get the Most Out of Your Home

Pay for College • Remodel Your Home • Consolidate Bills • Take a Vacation.

Choose our new Nikkei Prime Line or the Second Trust Deed Home Equity Loan and watch your goals become a reality.

As a homeowner, you’ve been building equity with each mortgage payment. With a home equity line of credit or loan, you can use your home as a collateral and borrow against what you already own.

If you’ve been thinking about installing a swimming pool, adding a new coat of paint, or embarking on any other home improvement project, now’s the time to bring your plans to life. Nikkei Credit Union’s money-saving home equity programs are your answer if you’re seeking the very lowest rates in the community.

 

Check Today’s Rates

To Calculate Your Home Equity Amount (estimate)

Current Home Value

-    Mortgage Balance
--------------------------------
Your Home Equity Amount

$500,000

-    $90,000
---------------
$410,000

A Comparison
What's the difference between a line of credit and loan?

  Line of Credit Loan (Second Trust Deed)
Rate
Type
Variable Fixed
Loan
Amount
$10,000 - $250,000
Up to 80% of loan-to-value
$10,000 - $250,000
Up to 80% of loan-to-value
Terms 10 year draw period
15 year repayment period
5-, 7-, 10-. and 15-year terms
Notes


No points
Fee for early termination (within 2 years)
Fee for loan amounts above $99,999.99
No early termination fee
Fee for loan amounts above $99,999.99
Common
Uses
Major, ongoing home improvements
College/University education financing
Wedding expenses
Major one-time home improvement projects (swimming pool)
Paying off or consolidating debt
New car
Vacation

Why not put your greatest asset to work and make your dreams a reality? Call us at (310) 324-1544 for more information about our new home equity solutions today.

Apply for your loan now (Line of Credit) >>>
Apply for your loan now (Second Trust Deed) >>>

Member Cellular Discounts with Sprint