HELOC Advantage PLUS
Unlock the value of your home with our HELOC Advantage PLUS! We understand the value of smart lending and a home equity loan offers many benefits and several solutions for your financial needs. This product is an excellent option for debt consolidation and rapid repayment, as well as for emergency preparedness.
Features:
- 10 year initial draw period
- Interest Only repayment for the first 10 years, followed by 20 years of fixed principal and interest payments
- Variable rate indexed to WSJ Prime Rate
- Borrow up to 90% of the home’s value
- No prepayment penalties, pay additional principal anytime!
All HELOC Advantage PLUS applications are subject to credit approval. The annual percentage rate adjusts monthly and is indexed to the WSJ Prime Rate plus a margin which is determined by product and credit qualifications. For details on HELOC Advantage PLUS, including specific details on third-party fees and other terms and conditions, contact Midcoast FCU toll free at 1.877.964.3262.
