Dream Bigger!

By leveraging the equity in your home, you gain access to your LOWEST possible rate — and MORE CASH. Plus, for a limited time, save with NO appraisal fee!* And for more savings, from June 1 through September 30, 2022 we’ll even waive the application fee!

As a homeowner, you can use your home equity (the value of your home minus what you owe) as a convenient source of financing. It’s flexible and affordable and an easy way to pay for home improvements, major purchases, college, or even debt consolidation.

How Home Equity Financing Works

A home equity loan uses your home as collateral, and, in turn, you’re rewarded with a lower rate than other types of financing, including personal loans or credit cards. You’ll pay less in interest, save money, and keep payments manageable. And many homeowners, depending upon their situation, may qualify for a tax deduction. (Please see your tax advisor.)

Most homeowners have also experienced an increase in their home’s value. In the past year, Zillow reports that home values across the U.S. increased by 20%. This bump gives you access to more equity — and MORE borrowing power. At MCNJTFCU, you can access up to 80% of your available equity for greater flexibility and more options to use the funds.

Calculate your equity:

$_________ Home’s Appraised Value

x .80     $_________ (80% of Appraised Value)

          $_________<Less Your Current Mortgage>

=          $_________ Available Borrowing Amount

Do more:

  • Update your kitchen, siding, windows, or roof.
  • Add a bedroom or bath.
  • Install a deck, pool, or jacuzzi.
  • Consolidate high-rate debt.
  • And more!

We Have First Mortgages, Too!

Consider a low-cost mortgage to buy or build the home of your dreams. Through our mortgage partner, State Financial Network, you’ll appreciate a full range of mortgage benefits. We offer excellent terms, ranging from 10 to 30 years.

Dream bigger:

  • Become a first-time homeowner.
  • Step up to something bigger or build your dream home.
  • Buy a second vacation home.
  • Choose from flexible terms to fit any need!


At MCNJTFCU, we can help make any dream come true — including home renovations or a new home entirely!

Call 609-586-6669 or click here to get started.

*Offer available for a limited time. Some restrictions may apply. See us for details.

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