Energy Credit Union

Mortgage & Real Estate Loan

Mortgage & Real Estate Loan

Rates are effective as of July 5, 2017. Rates are subject to change without notice.

 

Loan Type Term APR* Maximum Amount
First Mortgage Please call us at (617) 325-1999 for current rates and terms.
Home Equity Loan for Combined Loan-to-Value 80% or less+ Up to 10 years++ 4.99% Up to $100,000
Home Equity Loan for Combined Loan-to-Value 81%-90%+ Up to 10 years++ Starting at 6.50% Up to $150,000
Home Equity Loan for Combined Loan-to-Value 91% -100%+ Up to 10 years++ Starting at 6.99% Up to $150,000
Home Equity Line of Credit Up to 20 years Prime minus 1%, adjustable monthly** $100,000

*APR = Annual Percentage Rate.
+ Sample payment information for home equity loan: The cost of $1,000 borrowed for 10 years at 4.99% is $10.60 per month.
++ Sample payment information for home equity loan: The cost of $1,000 borrowed for 10 years at 6.50% is $11.35 per month.
+++ Sample payment information for home equity loan: The cost of $1,000 borrowed for 10 years at 6.99% is $11.61 per month.
** The prime rate is the Wall Street Journal prime rate as of the last business day of the month. Sample Payment information for a Home Equity LOC: A loan with a principal balance of $10,000 at 3.00% (prime -1%) would require a payment of $150 with approximately $21.23 applied to interest and $128.77 applied to principal in a 31 day month. Maximum rate is 18%.

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