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OPT OUT OF CREDIT BUREAU MARKETING * MCT checking account is required for autopay to be set up by date of loan closing. Fixed 6 month introductory rate is 7.24% APR without autopay. Existing lines of credit do not qualify for rate discount. With autopay and after the introductory 6 month rate, a 0.25% APR discount from the Wall Street Journal Prime Rate will be in effect for the life of the HELOC, and does not apply to any carved-out term loan. |
THE LAST LOAN YOU'LL EVER NEED. |
HOW DOES IT work?
A Home Equity Line of Credit from Mauch Chunk Trust Company lets you access the equity in your home through a revolving line of credit at a variable rate. Simply write a check whenever you need the extra cash over the draw period. There’s no prepayment penalty, no annual fee and no closing costs!* When it comes to remodeling your home, consolidating debt, or making other major purchases, a Home Equity Line of Credit from MCT is a smart financing option. It offers low fixed rates, plus the flexibility of accessing your line of credit whenever you need it, up to your available credit line. MCT Advantage: Carve out any amount and convert it to a fixed rate, up to your available line of credit! You’ll always know exactly what your payment is and as you pay off your fixed-rate lock balance, your line of credit funds become available to use again. Your revolving line of credit has a variable annual percentage rate (APR) indexed to the Wall Street Journal Prime Rate. You can lock in segments of your HELOC loan within your approved credit limit at a fixed rate and term up to five times during the draw period. |
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