|MaxEquity Line of Credit
||MaxEquity Fixed Loan
Need funds now and in the future?
A line of credit allows you to borrow against the
value of your home. This loan provides you ongoing access to funds once
you are approved. As you repay your balance, the
funds become available again for your use.
- No annual fee and no pre-payment penalty!
- Variable rates as low as 3.49% APR, tied to Prime.
- No additional underwriting or out-of-pocket costs.
Borrow up to 80% of your home's value!
A fixed loan lets you borrow a lump sum of money for a set purpose. Take advantage of a great low fixed rate with regular
monthly payments and terms to fit your needs.
- A consistent monthly payment.
- Terms from 5 to 15 years.
- Rates as low as 3.49% APR.
- No pre-payment penalty.
MaxEquity Program. *Annual Percentage Rate (APR) as of March 3, 2017. Rate assumes auto-pay from LMCU checking account.
Subject to credit qualification. Your rate may vary depending on your specific credit profile. Home equity loans are only
available for homes located in Michigan and limited counties in Florida. See branch for details. Borrower shall be
responsible for any appraisal and/or title insurance costs, if required. The MaxEquity fixed loan requires a minimum credit
score of 720 to qualify for the 3.49% APR and the 80% LTV. For example, on a $20,000 loan at 3.49%, you would make 60
payments of $363.75. On the same 20,000 loan at 5.49%, you would make 180 payments of $163.31. Payments exclude taxes and
insurance, if required.