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It’s on the house! Let our Loan Service Representatives show you how to put the equity in your home to work for you. And at a low rate guaranteed to save you money! Our Home Equity special rate of 4.00% APR* is available for a limited time only, so don’t delay. Ask for details today.
A Meridian Trust Home Equity loan lets you borrow up to 80% of the value of your home. Use the funds for just about anything, including home improvements, vacations, college expenses, debt consolidation, or even buying a vehicle.
With a Home Equity Line-of-Credit or a Mini Mortgage, you’ll enjoy low closing costs, a hassle-free process, and no pre-payment penalties – a simple solution to financing your dreams.
Mini-Mortgages and Second Mortgages
These are fixed-rate loans that give you the security of knowing exactly what your monthly payment will be. Mini-Mortgages offer the added benefit of low documentation fees.
Home Equity Line-of-Credit (HELOC)
You’ll enjoy the advantages of a variable-rate credit line that offers flexibility for financing large or small projects where you don’t need all the funds at once. And accessing your HELOC is hassle-free with a Meridian Trust Visa card.
For more information contact a Loan Service Representative.
View a complete list of our loan rates and terms.
*Annual Percentage Rate. New HELOCs only. Rate is fixed at 4.00% APR until August 31, 2011. On September 1, 2011, the rate changes to the greater of 5.00% APR or the prime rate. The prime rate is the highest prime rate published in the “Money Rates Table” of the Wall Street Journal on the last business day of each quarter. Prime is a variable rate; as it changes, the APR on your account will also change. If the introductory rate was not offered, current rate as of 8/31/10 would be 5.00% APR. The maximum APR that can apply is 18.00%. Credit and membership qualifications apply. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. $5,000 initial advance required. 5-year draw, 10-year repayment period. Loan fees and closing costs vary, and are typically between $300 and $1500, depending on approved line amount. Flood and/or property hazard insurance may be required. Other restrictions may apply. Consult a tax advisor for interest deduction details. Limited time offer.
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