NEW!!!! OUR "FIRST PLACE" Home Equity Loan.  For home owners who want to refinance their first mortgage and / or who want to consolidate everything and have only one mortgage lien on the home.  It's a special LOW LOW RATE.  This can help you achieve your short and long term financial plan....planning to retire soon? just want to lower your monthly payment?  what are YOUR plans?                                                                   You must have at least 20% equity in your home.  Call Evelyn if you have any questions.

"FIRST PLACE" Variable 5 Year Loan (FIXED FOR THE FIRST 5 YEARS)
We are presently offering home equity loans with no closing costs. The interest rate is Prime. The maximum dollar amount is $400,000.00. The rate is a variable rate fixed for 5 years, with a maximum term of 30 years. After that the rate changes only every 5 years.  MDECU would pay off all mortgages making MDECU the only lien on the property.

New money of at least $5,000 is necessary to qualify for NO closing costs.

Fixed Rate Home Equity Loan
Appraisal fee waived with new money at least $25,000.00.

     5  years ....4.50%*
     10 years ...4.75%*
     15 years ...5.25%*             Maximum loan amount $400.000.00

Need an idea of what your payment would be?
Here's an online calculator for you to use.                    Mortgage/Loan payment calculator

Home Equity Loan, Variable 5 Year Loan (FIXED FOR THE FIRST 5 YEARS)
We are presently offering home equity loans at no cost. The interest rate is Prime + .50%. The maximum dollar amount is $400,000.00. The rate is a variable rate fixed for 5 years, with a maximum of 20 years. After that the rate changes only every 5 years.    New money of at least $10,000 to qualify for no closing costs.

Please call 860-560-9036 for more information on any of our loan products.

For a nominal fee you can purchase disability insurance on your loan, contact your Credit Union for more information.  This provides peace of mind for you and your family at a low price.

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*All rates are subject to change due to typographical errors and/or decisions by management.