Home Equity

We make the process easy.

Already own your home? It's time to put your equity to work! Your equity is determined by subtracting your mortgage balance from your home's appraised value. This can add up to a lot of cash. Make additions to your home, consolidate bills, pay college tuition, take a family vacation, or if you just want a safety net—the possibilities are endless.

Using your equity as collateral you can borrow at great low rates. We offer fixed and adjustable rate home equity loans or lines of credit and we'll lend up to $500,000.

Home Equity Loan

Get the money you need in a convenient, single payout for debt consolidation, home improvements, medical expenses or most any other purpose.

• Competitive fixed interest rates
• Affordable payment terms up to 20 years
• Borrow up to 95% of your home’s value*
• No prepayment penalties or annual fees
• Available on primary residences and second homes

Home Equity Line of Credit

Our variable rate option provides you with a revolving line of credit, giving you the flexibility to borrow what you need, when you need it.

• Affordable payment terms up to 20 years
• Borrow up to 95% of your home’s value*
• Reusable line of credit for home renovations or consolidate debt
• Finance major purchases such as vacations and weddings
• No prepayment penalties or annual fees

Choose Your Home Equity Loan Officer

You can call or email us to answer questions or get advice. We'll help you determine what's best for your situation. We're always just a call or email away!

Our Home Equity loan officers are based in our Corporate Office at 2701 Tower Oaks Boulevard, Rockville, MD 20852.

Glen Cook

Mortgage Loan Officer
NMLS #1997390
Office: 240-747-2465
Cell: 202-941-8571
gcook@lfcu.org

Learn more about Glen and apply for your home equity product.

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