Tap into the equity in your home and have cash available for opportunities, emergencies, building projects, just about anything. An MBTFCU Line of Credit is there for you with great affordable rates.
Variable Rate Home Equity Line of Credit
> $345 flat rate closing costs
> No application fee
> 10-year draw period
> Up to 90% loan to value
> Revolving credit line-funds become available upon repayment
> Available for properties in Minnesota and Wisconsin
> Interest may be tax-deductible. Consult a tax advisor regarding the deductibility of interest.
| LTV up to 80% |
APR* |
| Revolving credit line as low as |
4.13% |
| LTV up to 90% |
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| Revolving credit line as low as |
5.13% |
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*APR is the Annual Percentage Rate, effective May 1, 2008, and is subject to change. The APR for our Home Equity Line of Credit loan is based on the 26-week T-Bill Rate, plus 2%. This APR is subject to change quarterly. Maximum APR is 15%. Loan payment of 60 months at 4.13% APR would be $45.32 per $1,000 borrowed. Minimum payment example: If you made only the minimum monthly payment and took no other credit advances it would take 10 years to pay off a credit advance of $10,000 at an APR of 5.13%. During that period, you would make 120 payments of $106.72.
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