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Our Spring Loan Promotions are here!
If it's important to you, it's important to us! Whether you're looking to buy, build, remodel or interesting in refinancing - we have great rates and various terms available.
Home Equity Line of Credit Special
*0.75% Annual Percentage Rate (APR) introductory rate period will be in effect for 6 months. After the 6 month introductory period, the variable APR will revert to Wall St. Journal Prime with a maximum APR of 16.00%. A $10,000.00 advance must be taken at closing in order to receive the introductory rate. Borrower is limited to a one time only discounted introductory interest rate and closing cost waiver. The bank will waive all closing costs and the cost of an appraisal (if required). Refinancing of MCB debt requires $10,000.00 in new money. Lines closed within 36 months of origination date will be subject to a $250.00 early termination fee. A $25.00 annual fee will apply to all lines and charged on the anniversary date of the line. Credit qualifications, maximum 89% loan-to-value, primary residence only, property and flood insurance (if applicable) are required.
Home Equity Loan Specials
*Above rates are for a Home Equity Loan meeting credit qualifications and 89% loan-to-value. Property and flood insurance (if applicable) are required. Owner occupied residences only. Minimum loan amount of $20,000.00 is required to receive the promotional rate offer. If refinancing existing MCB debt, $20,000.00 in new money is required to receive the promotional rate. Monthly payment does not include taxes or insurance; inclusion of these items will increase the payment. The bank will waive all closing costs except the cost of an appraisal (if required). Other rates and terms are available and subject to approval by MCB. Certain terms and conditions may apply. Promotional rate reflects an automatic payment from a MCB account; cancellation of the automatic payment will result in a higher rate and higher APR.
Residential Mortgage Loan Specials
*Mortgage APR (Construction) is calculated based on a $100,000.00 loan with a $500.00 loan origination fee and $10.00 life of loan flood determination fee. Mortgage APR (Purchase/Refinance) is calculated based on a $100,000.00 loan with a $250.00 loan origination fee and $10.00 life of loan flood determination fee. APR's (Annual Percentage Rate) listed above are for fixed rate Mortgage Loans that meet the following credit qualifications: Rate is available with a minimum credit score of 740 to qualify (other rates available based on credit score), loan-to-value up to 97% (subject to loan parameter qualifications) and property and flood insurance (if applicable) are required, and property is an owner occupied primary residence. Escrow accounts may be required for payment of property taxes, homeowners insurance, PMI (Private Mortgage Insurance, if applicable), and flood insurance if collateral is in a flood zone. Rate includes a .25% discount for automatic debit of the payment from a MCB deposit account. If automatic payment deduction ever ceases at any point, the APR (Annual Percentage Rate) may increase. Loan-to-value over 80% requires Private Mortgage Insurance (PMI). Maximum loan-to-value for Construction Loans is 85%. In order to receive the offered rate, a minimum of $10,000.00 borrowed is required. If refinancing existing MCB debt, $10,000.00 in new money is required. Cost of appraisal and closing fees are the responsibility of the applicant. Title insurance may be required. All loans are subject to approval, and other terms, conditions, and fees may apply.
All above listed Spring Loan Promotional rates are effective as of publication date and subject to change or be withdrawn without notice. Contact a lender near you for details.
Get our promotional loan rates AND a checking account that monitors your credit! Open a Perks Plus Membership Checking Account and get Ultimate ID™, a comprehensive credit monitoring program offered by Benefits Plus®.
Your complete Benefits Plus® Signature membership includes:
Also included in your membership:
Other checking accounts are available. Ask to see a checking account agreement, disclosure of account terms, and rules and regulations for complete details for each account.
Other Home Financing Options available:
Our USDA, FHA, and VA loan programs apply to any purchase or refinance. All programs offer the option to choose between a competitive market based fixed or variable rate.
Contact an MCB lender today for complete details on any of the above financing options.