Points are also known as Origination Fees and Discount Fees. They are fees that are paid directly to the lender in exchange for a lower interest rate. One point equals one percent of your loan amount and can reduce your interest rate.
Struggling to pay your loan?
As a service to our members who need help with financial management or credit counseling, Merrimack Valley Credit Union has partnered with Greenpath Financial Wellness. They offer assistance with:
- Debt counseling tailored to your unique situation
- Managing credit score
- Eliminating credit card debt
- Bankruptcy counseling and education for debtors filing for bankruptcy
- Reducing or repaying student loan debt
- Preparing for homeownership, avoiding foreclosure, and counseling for reverse mortgage
- Financial education tools and resources.
Call 877-337-3399 or go to www.greenpathref.com/mvcu for assistance!
Keep tabs on your account balances through our eService options!
With eServices, you have convenient 24/7 access to your account everywhere you go:
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