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Best rate shown based on credit score. Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility to verify rates with an MBT loan officer. All products and services are subject to Bank and credit approval.
APR is the Annual Percentage Rate. Rates are subject to change. Penalty may be imposed for early payoffs. Best rate shown based on credit score. Rates displayed above may change at any time and without advance notice. It is the reader’s responsibility to verify rates with an MBT loan officer. All products and services are subject to Bank and credit approval.
Rates shown are currently available for home equity installment loans with a term of 60 months and an amortization of 240 months. Rates assume a loan-to-value ratio of 80% or less and depend on credit qualifications. A balloon payment will result at the end of the 5 year period. The minimum loan amount is $5,000. Rates assume a pre-authorized transfer from a Monroe Bank & Trust deposit account. Add .25% to stated rates when a pre-authorization plan is not established. For example, if you borrow $50,000 for 60/240 months at 4.494% APR, the monthly payment will be $317.00 with a balloon payment of $41,792.81 due at maturity. Property, title, and/or flood insurance, if applicable, is required. Consult your tax advisor about the deductibility of interest.
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