|Current APR Based on Index and Margin, As Low As||Minimum Line||Maximum Line|
|Home Equity Line Of Credit|
The maximum APR that may be imposed is 6.00% above the Prime Rate in effect at closing.There are no closing costs if you transfer existing credit lines and/or take new advances totaling at least $25,000 at account opening and you keep your Home Equity account open for at least three years. Otherwise, you will be required to reimburse MCU for certain fees paid to third parties. These fees can be as low as $925 for a $20,000 line of credit and as high as $10,100 for a $500,000 line of credit. Home Equity accounts are secured by a mortgage on your primary residence. Property insurance is required. New accounts cannot be used to consolidate existing MCU debt.Rates may be higher based on applicant’s creditworthiness.Rates and terms are subject to change without notice.Certain restrictions may apply.
THE ANNUAL PERCENTAGE RATE MAY VARY AND IS EQUAL TO THE HIGHEST PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL ON OR BEFORE THE LAST DAY OF THE PRECEDING MONTHLY BILLING PERIOD PLUS A MARGIN BETWEEN 0% AND 3%.