Merrimack Valley CU
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Home / What are loan points?

What are loan points?

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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