Using the equity in your home to finance a major purchase is a great alternative. MidCountry Bank makes the decision even easier by taking away the uncertainty of your payment. Lock the rate on some or all of your balance when the time is right!
Now through 6/30/21, MidCountry Bank is offering a Spring Special on Home Equity Lines of Credit, so spread the word! Now is the perfect time to apply for the financing to get your project started.
Home Equity Line4Me offers the ultimate flexible financing for:
- Home improvement projects
- Education costs
- Dream vacations
- Major purchases
- Debt consolidation
- Emergency fund
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*Offer available through 6/30/2021 and subject to credit approval and underwriting standards. Rates, terms and conditions effective as of 3/08/2021.
Promotional rate of 2.99% APR will be in effect until 6/1/2022 for qualified applicants. Thereafter, the APR is variable, subject to change, and consists of the Prime Rate as published in the Wall Street Journal (currently 3.25%) plus a margin of 0% for the life of the loan. Your maximum APR is 18% and minimum APR is 3.25%. Existing MidCountry Bank customers may refinance with a minimum of $25,000 additional credit. Promotional APR also requires an automatic payment from a MidCountry Bank deposit account. Standard rates are applied to loans with payments made by other methods. This promotional rate assumes a credit score above 750 and LTV of up to 80.0%. If the borrower does not meet qualifying criteria, the APR may range up to Prime plus a margin of 4.75% and will be determined by the occupancy status of the property, combined LTV and credit worthiness. Standard closing costs apply, with borrowers responsible for certain fees to third parties such as appraisers, credit reporting firms and government agencies, which are generally between $150.00 and $1500.00. Promotional APR does not apply to HELOC conversion feature. Property insurance is required.