Home Equity Line of Credit - New Lower Rates | Multi Media Federal Credit Union

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Home Equity Line of Credit - New Lower Rates

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Home Equity Line of Credit - New Lower Rates

Friday, 23 May 2008 13:57

You've achieved the American Dream of home ownership. Now unlock the equity you've accumulated to fulfill your other dreams.

Remodel * Consolidate Credit Cards
Vacation * Higher Education
New Auto, Boat, RV or Cycle

NO CLOSING COSTS * NO POINTS*
CURRENT RATES
6.00% up to 80% Loan-to-Value
7.00% up to 90% Loan-to-Value
Monthly payment based upon your balance at the time of loan advance.

Fill out an application online or in our office.
$10,000.00 Minimum HELOC Approval

*There is an application fee which will be refunded to loan principle after 24 timely monthly payments have been made.

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Newsflash

Monthly Drawing for E*Statement and BillPay-e Plus customers, win $$$. Discounted loan rates on fuel efficient automobiles and hybrids too! Click here...

Notice

Due to increased processing fees and operating expenses, we find it necessary to adjust some of our transaction and service charges. As of April 1, 2010, the following fees will apply:

Cash Advance on Non-MMFCU Visa	$5.00
Money Orders	$2.00
NSF Fee	$30.00
O/D Transfer Fee	$3.00
Returned Visa or Loan Payment Fee	$30.00
Visa Credit Card Late Fee	$30.00

Loan Rates

Full Loan Rate Information

Certificate Secured

Up to certificate term

Rate +3.00%

Share Secured

6 to 60 months

4.00%

Line of Credit

Open ended

9.75 - 11.75%

Personal

6 to 36 months	10.00 - 17.00%
37 to 60 months	11.00 - 17.90%
Salary Advance	12.00%

VISA Credit Card

eZCardInfo

Revolving credit

10.95%

New and Used Automobiles

12 to 24 months	4.00 - 11.50%
25 to 48 months	4.50 - 12.50%
49 to 60 months	5.00 - 13.50%
61 to 84 months	5.50 - 16.00%
8 to 12 years	6.50 - 13.50%

Boat, Cycle, RV, Specialty Vehicle

12 to 24 months	6.00 - 14.00%
25 to 48 months	6.50 - 15.00%
49 to 60 months	7.00 - 16.00%
61 to 84 months	7.75 - 17.40%
8 to 12 years	8.75 - 15.75%

HELOC

Up to 80% LTV	6.00%
Up to 90% LTV	7.00%

Home Equity

Up to 80% loan-to-value

6 to 60 months	5.25%
61 to 120 months	5.75%
121 to 180 months	6.25%

Up to 90% loan-to-value

6 to 60 months	5.75%
61 to 120 months	6.25%
121 to 180 months	6.75%

Deposit Rates

Full Deposit Rate Information

	APR+	APY±

Shares/Savings (Compounded Quarterly)

$100.00-$2,499.99	0.10%	0.10%
$2,500.00-$9,999.99	0.25%	0.25%
$10,000.00 and up	0.50%	0.50%

Club Accounts

All Balances

0.10%

IRA Accounts

Minimum Balance $50

0.50%

Platinum Advantage

Dividend Rate

0.10%

Playdough Kids Club & L2Save

All Balances

0.10%

Share Certificates

Rates Effective 3/8/2010

Regular Certificates

6 month term	0.93%	0.93%
12 month term	1.19%	1.20%
24 month term	1.58%	1.59%

IRA Certificates

12 month term	1.19%	1.20%
24 month term	1.58%	1.59%
60 month term	2.50%	2.53%


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