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Home Equity Rates

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Home Equity Line of Credit

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Effective 07.27.2023

PRODUCT POINTS APR * MINIMUM / MAXIUMUM

Home Equity Line of Credit

08.00% $25,000.00 Min / $500,000.00 Max

*Annual percentage rate (APR) effective 07.27.23 and is set monthly based on the Prime Rate published in the Wall Street Journal on the last business day of the previous month. Current Prime Rate is 8.00%. Maximum APR is 18.00%. Minimum APR 3.25% for HELOC 477. $500.00 penalty for early termination within the first 36 months not to exceed 2% of original loan limit. Draw period up to 10 years followed by 179 month repayment period. See requirements stated below and disclosure for additional terms and conditions. Refinance of Metro lines may be subject to closing fees. Home Equity Line of Credit Disclosure

Home Equity Loan

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Effective 9.14.2023

TERM POINTS APR *ESTIMATED COST PER $1,000 MINIMUM / MAXIUMUM
20 Years07.25%$7.90 $35,000.00 Min / $500,000.00 Max
15 Years07.00%$8.99 $35,000.00 Min / $500,000.00 Max
10 Years06.74%$11.48 $35,000.00 Min / $500,000.00 Max
5 Years06.25%$19.45 $35,000.00 Min / $500,000.00 Max
3 Years06.00%$30.42 $35,000.00 Min / $500,000.00 Max

*Annual Percentage Rate (APR) effective 9.14.2023. Minimum loan amount $35,000.00 and maximum $500,000.00. Minimum loan amount $35,000.00 and maximum $500,000.00. No prepayment penalty. Refinances of Metro loans ineligible for no closing cost program. Terms from 1 to 20 years available. Cannot be in first lien position (due to High Cost Loan Regulation). Refinance of Metro lines may be subject to closing fees. Loan to value not to exceed 80% or 75% for condos. LTV may be reduced based on creditworthiness. Available for 1-4 family primary residences in MA or NH. Property insurance required. Early termination fee of $500 applies to lines closed within the first 36 months, not to exceed 2% of credit limit. $71 to $525 fee if appraisal is required. $170 review fee if property is in a trust.

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*Owner occupied properties only. 1-4 Units. Maximum combined loan to value is up to 80%. Home Equity Rates automatically set for 60 days at time of application. Property Valuation Costs: Exterior = $90 for MA & NH. Prices vary for The Cape & Islands. Full Report ranges from $495 - $1,000 depending on property type, value, and location. Properties held in a trust require legal review: up-front cost of $65, trust certificate recording cost of $75, and overnight postage cost of $19.39 for lien payoffs only. If borrower is required to pay closing costs: additional recording fee of $175 and lien insurance fee of $65 will also apply. Total fees not to exceed $900. Flex Loan Conversions: Fixed Interest and Principal payments; Minimum Conversion amount is $5,000.

Fees may apply. See the Membership Account Agreement for details. Programs, rates, terms and conditions subject to change without notice. All loans are subject to credit approval. Credit Union membership is required; members must maintain a membership account with a minimum of $5.00.