Don't Dream It, Live It
Building a new addition, paying for college tuition, buying a car, or consolidating debt - our HOME EQUITY LINE offers a smart, flexible way to tap into your home’s equity.
2.99% APR for the first 12 months. Prime + 0% thereafter*.
Borrow what you need when you need it. See the 1st year savings comparison below.
- Borrow from $25,000 up to $500,000
- Maximum combined Loan-to-value (LTV) up to 90%
- No appraisal fee for loans under $250,000
- No closing costs
- No annual maintenance fee
- Interest paid may be tax deductible*
Limited time offer.
|Max. LTV||Monthly Payment||Interest Savings
1st 12 months
|Merrimack Valley Credit Union||Prime+0%||2.99% APR fixed for 12 months||90%||$506.23||$283.92|
*2.99% introductory rate is fixed for the first 12 months, after which the rate reverts to Prime. Minimum Home Equity amount is $25,000. Maximum interest rate for Home Equity Lines of Credit is 18.00%. The maximum annual percentage rate that can apply is 18%. There is an appraisal fee for loan applications over $250,000 which can range from $305 – $580. The interest rate is based on the Wall Street Journal Prime Rate and may vary monthly. Prime Rate as of 4/1/2017 is 4.00%. An early termination fee may apply if closed within the first 12 months. Must meet eligibility guidelines. Members will be qualified at the 4.00% rate. Loans subject to credit qualifications and approval. Maximum CLTV of 90%. APR may change without notice. Limited time offer. Consult with your tax advisor about interest deductibility.