Low rates prevent your payments from building up
MECU's low rates can really help keep your monthly budget under control.
| Term | 固定APR*(低至) | Monthly Payment** (per $1,000 borrowed) |
|---|---|---|
| 高达80%的贷款价值比 | ||
| 五年期固定利率 | 5.99% | $19.33 |
| 10年期固定利率 | 6.49% | $11.35 |
| 15年期固定利率 | 6.99% | $8.98 |
*APR =年度百分比利率. While this page is updated regularly, rates are subject to change. Your actual APR may be higher based on your loan amount, 还款期限, 抵押品, credit history and ability to repay. MECU will pay the initial closing costs. If the loan is paid off and closed within 12 months of original note date, closing costs must be reimbursed to MECU by the borrower. Closing costs vary and generally range around $850 to $1,000 on a $20,000 loan. Subject to credit approval and verification of 抵押品. Adequate property and flood insurance is required, if appropriate. 需加入MECU.
**每月付款为每$1,000 borrowed.
| 贷款价值比 | 12-Month Introductory Rate FIXED APR* | Standard, Post Introductory Rate VARIABLE APR* | Monthly Payment** (per $1,000 borrowed) |
|---|---|---|---|
| Standard 房屋净值 Line of Credit1 Interest-Only Payment Option Available on “Standard” HELOCs up to 80% LTV | |||
| 高达80%的LTV | 5.99% | 素数- 0.25% 目前: 8.25%* |
$9.70 |
*APR =年度百分比利率. While this page is updated regularly, rates are subject to change. Minimum monthly payment equals $100. Introductory rate will be fixed for 12 months. 标准的, post-introductory APR will be a fully indexed, variable rate based on Prime plus or minus a margin based on your loan-to-value ratio at account opening. Prime Rate is obtained from the Wall Street Journal and is currently 8.50%，自2023年7月27日起生效. The minimum standard APR that can apply is 3.25% and the maximum APR that can apply is your standard rate plus 6%. 马里兰州的最高年利率为18%. 标准的, post introductory rate is variable and may adjust on a quarterly basis. Subject to credit approval and verification of 抵押品. Adequate property and flood insurance is required, if applicable. 需加入MECU.
1 MECU will pay the initial closing costs on “Standard” 房屋净值 Lines of Credit. If the line is paid off and closed within 12 months of original note date, closing costs must be reimbursed to MECU by the borrower. Closing costs vary and generally range around $850 to $1,000 on a $20,000 line of credit.
**每月付款为每$1,000 borrowed at the post-introductory APR assuming no additional advances or rate increases.
Handbook on Adjustable Rate 抵押贷款
| 偿还条款 | 固定APR*(低至) | Monthly Payment** (per $1,000 borrowed) |
|---|---|---|
| Unsecured Loan with a maximum loan amount up to $25,000 | ||
| 最多60个月 | 9.24% | $20.88 |
| 61 - 84个月 | 9.99% | $16.60 |
| 85 - 120个月 | 10.74% | $13.63 |
| 121 - 180个月 | 11.99% | $12.00 |
*APR =年度百分比利率. Other terms and conditions may apply. Your maximum loan amount may be lower and your rate may be higher than stated above depending on your credit score. All borrowers on the loan must have ownership interest in the property address, 占用物业, loan funds must be used for home improvements on the same property. A bid/material list will be required. Mobile, seasonal and secondary homes are ineligible property types. Subject to credit approval and membership eligibility.
**每月付款为每$1,000 borrowed at the maximum stated 还款期限.
