Quick Links:
When you purchase a home, you are
making an investment. And, with a MembersFirst home equity loan, you and your family can
benefit from that investment when you need it most--right now! Choose the home equity loan
below that best fits your needs and then click on the "APPLY NOW" button to get
your MembersFirst home equity loan started!
Prime Equity Line-of-Credit
Flexibility is the advantage of this home equity option. The rate is based on Wall Street
Journal's prime rate and adjusts on a quarterly basis. Prime Equity also allows you to
advance from your loan anytime during the first 5 years. That means you only pay interest
on what you borrow...as you borrow it!
Variable
Rate: Prime MINUS 1% for Life!
| Loan Amount: |
$5,000
- $200,000 |
| Repayment Period: |
15 Years or less |
| Normal Closing Costs: |
We
pay up to $500 |
| Annual Fee: |
None |
| Phone/Internet Advances: |
FREE |
| Origination Fee: |
None |
| Tax Deductible Interest: |
Consult tax advisor |
| Fee To Advance Funds: |
None |
| Payroll Deduction: |
FREE |
Interest rate based on
the Wall Street Journal prime minus 1.00% for the life of the loan with a
minimum rate of 6.00% APR and a maximum of 17.00% APR. Credit Union pays
up to $500 in normal closing costs if the member agrees not to
prepay the balance within the first 6 months and advances a
minimum of $20,000.00. Offer available
for new loans only. Not available on existing Members First
home equity loans or refinancing of Members First home equity
loans. Special subject to end
without notice. The Credit Union will lend up to 90% of the home's equity not to exceed $200,000. Subject to approval.
Current APR = 7.25%. APR=Annual Percentage
Rate. Limited time offer.
Hazard insurance is required on property and must be provided by the borrower at closing.
All account and rate information is good as of 01/01/07. Equal
Housing Lender.
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Home Equity (Fixed) Loan - 7
Year
For the member who needs to borrow a little or a lot and likes the structure of having a
fixed rate, we offer this home equity loan. This loan is structured like a traditional,
fixed-rate loan, so after the approval process is complete, all you have to worry about is
making your low monthly payments.
-
|
| Fixed Rate: |
6.45%
APR |
| Loan Amount: |
$5,000 - $200,000 |
| Repayment Period: |
7
years or less |
| Normal Closing Costs: |
We
pay* |
| Annual Fee: |
None |
| Origination Fee: |
None |
| Tax Deductible Interest: |
Consult
tax advisor |
| Payroll Deduction: |
FREE
|
| Phone/Internet Payments: |
FREE
|
*APR=Annual Percentage
Rate. **MembersFirst Credit Union will pay all normal closing costs
with a minimum of $20,000 borrowed if the member
agrees not to prepay the balance within the first 180 days.
MembersFirst will only pay closing
costs for first time home equity loan members. The Credit Union will lend up to
90% of
the home's equity not to exceed $200,000. Subject to approval. offer
subject to end without notice. Hazard
insurance is required on property and must be provided by the borrower at closing. All
information is good as of 08/01/06.
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Home Equity (Fixed) Loan - 15 Year
For the member who wants the security of a
fixed rate over a longer term.
-
|
| Fixed Rate: |
8.25%
APR |
| Loan Amount: |
$5,000 - $200,000 |
| Repayment Period: |
15
years or less |
| Application Fee: |
None |
| Normal Closing Costs: |
Minimal |
| Annual Fee: |
None |
| Origination Fee: |
None |
| Tax Deductible Interest: |
Consult
tax advisor |
*APR=Annual Percentage
Rate. Subject to approval. Hazard
insurance is required on property and must be provided by the borrower at closing. All
account and rate information is good as of 08/01/06.
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|
Vehicle Loans -
Cars, Trucks, & Motorcycles (new & used)
