Home Equity Loans

Take advantage of the equity you have built up in your home. Your first mortgage loan may be with Maspeth Federal Savings or any other lending institution. Owner occupancy is not required. Home equity loan interest may be tax deductible. Please consult with your own professional tax advisor with regard to the tax deductibility of your home equity loan interest.

Your Home Equity Loan can be used for just about anything:

• Concerned about rising interest rates? Pay off that current adjustable rate home equity loan or equity line of credit
• Home improvements
• College tuition
• Pay off credit card debt
• Purchase a new car
• Medical expenses
• Plus much more

Don't forget, unlike many other banks, Maspeth Federal Savings won't abandon you after you receive a loan from us. We retain and service 100% of the loans we originate. This means no letters from a mid-west bank stating that they have purchased your loan. Enjoy the convenience and personal service your neighborhood savings institution has to offer.

Home Equity Loan applications are available at all of our convenient branch locations.

Stop in or call our Loan Center for more information.

*Borrowers will not pay closing costs providing the loan remains open for a three year period with the mortgagor reimbursing the Association if the loan is satisfied before the end of the three year period. No other prepayment penalties apply. Maximum loan amount is $750,000.00. Home equity loans are available on one to four family residential properties only. Terms and rates subject to change without notice.

Maspeth Federal Savings is an Equal
Housing & Equal Opportunity Lender