When you need funds to remodel your home, consolidate debt, or purchase your dream car — an mBank home equity line of credit gives you the power to get it done. With our low variable home equity loan rate of 4.24% APR, the timing has never been better.
Talk to your local mBank mortgage officer today about using the equity in your home to make your dreams possible.
*Variable Annual Percentage Rate (APR) is based on the Wall Street Journal Prime Rate (Prime) as published (5.00% as of July 16, 2018). Maximum APR 18%. Minimum APR 4.24%. The APR is variable and based upon an index plus margin. Higher rates may apply due to an increase in the Prime Rate, and interest rates may change at any time. Maximum home equity line of credit amount of $500,000. Annual fee of $50. Fees for the transaction range from $250 to $1,500. Minimum monthly finance charge of $42.40 per $1,000 advanced. Late fee of $25 after 10 days. 60 month draw period with 120 month repayment period. At the end of the draw period the balance will be converted to a principal and interest monthly payment with a 120 month repayment period. At the end of the draw period the monthly payment will increase. Minimum payment $100 during draw period.
Loans are subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Accepting applications until August 17, 2018. Loan must close by November 16, 2018 to qualify. mBank does not offer tax advice. Please consult your tax advisor about tax deductibility. Principal residences only. Contact your Mortgage Lender for details.