Kirtland CU branches and the Member Contact Center will be closed Monday, September 4 in observance of Labor Day.
Due to a power outage, our Montgomery Crossings branch is currently closed.
Our other branches remain open to serve your needs, as well as Kirtland CU Online & Mobile Banking.
Thursday, July 28 • 5:30–7:30 p.m.
Put your home to work. Apply online, day or night!
You have two great options for accessing your equity. A home equity loan provides a lump sum of cash for your projects or expenses; a home equity line-of-credit allows you to pay as you go for your expenses and make payments only on what you’ve used. Each has features and drawbacks depending on your situation.
Here are the key differences:
|Home Equity Loan||Home Equity Line-of-Credit|
|What It Is||A loan with fixed payments and a fixed interest rate.||A line of credit (like a credit card) with a variable interest rate that you can use for up to 15 years.|
|A fixed interest rate with predictable monthly payments||X|
|An adjustable interest rate with variable monthly payments||X|
|Pay interest only on the money you use||X|
|Rates as low as||7.25% APR*||8.50% APR*|
|Maximum Terms||180 months||180 months|
We have developed a Financial Wellness Center, in partnership with MoneyEdu, to offer online courses, a full article library, and personal credit counseling agents that can meet with you on your time.
Home equity can be tapped for any reason – from home renovations to paying off high-interest debt. Topics include:
Membership eligibility required. Kirtland CU welcomes veteran, active-duty, and retired members of all branches of the U.S. military, including NM National Guard and Reserve, who have ever been served by KAFB; contractors, employees, and retirees of businesses who work on or with KAFB under contract with the U.S. Government; members and employees of partner organizations throughout Albuquerque; and family members of eligible or existing members. See a representative for complete details. Kirtland Credit Union is an equal housing lender. Financing available for properties in New Mexico only. Loan subject to credit approval and based on equity in home. Closing costs may vary based on transaction. Home equity loans and lines of credit are limited to 90% loan-to-value and $200,000; actual savings based on transaction amount. Borrower is responsible for homeowners insurance premiums and, if required, flood insurance premiums. Special restrictions may apply; contact a representative for complete details. Consult a tax advisor regarding deductibility of interest. As with all lending services, full disclosures, terms, and conditions will be supplied with your mortgage or home equity disclosures.