A New Way to Equity Our Equity TLC Flex account gives you all the options you need to use your line of credit when you wish and fix a portion into a fixed rate loan when you need to. One application, many choices. Learn More >>
* Rates above reflect .50% discount for Automatic Payment from an MSB Checking account. For model years older than 2004, please contact the Loan Deparment at 508-481-8300.
Unsecured Loans
Loan Amount
APR
Term
Monthly Cost per $1,000
$2,500 to $10,000
13.750%
36 mos
$34.05
* Rates include our maximum discount of .25% for Direct Deposit or Automatic Payment applicants. Discounts cannot be combined.
Savings/CD Loans
Loan Amount
APR
Maximum Loan to Value
$2,500 - $10,000
3% above instrument
95%
* Custom terms are available. Please contact the Loan Department at 508-481-8300.
Stock Loans
Loan Amount
Rate/Apr
Maximum Loan to Value
$1,000 minimum
6.25%
50%
* Custom terms are available. Rate = WSJ Prime + 3.00%, payable upon demand.
Overdraft Protection
Line Amount
Rate/APR
Term
Maximum Loan to Value
$500 - $10,000
11.75%
Custom
50%
* Wall Street Journal Prime + 8.50%. WSJ Prime currently 3.25%. Overdraft Lines of Cerdit have a minimum rate of 8.50%, maximum rate of 18%, and are variable rates subject to increase after consummation. Minimum payment of 3% of month end balance of $25.00, whichever is greater.
Mobile Home Loans
APR
Term
Monthly Cost per $1,000
8.250%
180 mos
$9.70
8.000%
120 mos
$12.13
* Rates above reflect .25% discount for Automatic Payment OR Direct Deposit. Minimum downpayment of 50%. Fees and costs apply. No other discounts apply.
Bridge Loans
Rate/APR
Points
Term
Monthly Cost per $10,000
5.250%/5.778%
0
3 mos
$43.15
* Available for homes currently under agreement only
Equity Loan $10,000 minimum
Rate/APR
Points
Term
Monthly Cost per $1,000
5.250/5.250%
0
60 mos
$18.99
5.750/5.750%
0
96 mos
$13.02
5.875/5.875%
0
120 mos
$11.04
6.125/6.125%
0
180 mos
$8.51
6.375/6.375%
0
240 mos
$7.38
Home Equity Total Line of Credit
APR
Term
Current Rate
Minimum Line
WSJ Prime + 0%
240 mos
4.00%*
$10,000
* apr=annual percentage rate. Equity Lines of Credit are variable rates subject to increase after consummation, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate plus 0%, maximum rate of 18%. WSJ Prime Rate currently 3.25% with a floor of 4.00%. 10 year draw period followed by 10 year repayment. Fixed Rate Advances available for terms of 5, 10, and 15 years.
Terms and Conditions (applicable to real estate loans and lines of credit)
1-4 Family/Owner Occupied Property Only. Property insurance required. Not available for homes currently for sale or intended to be sold within 6 months of closing.
Maximum Loan to Value is 80% with appraisal, 70% real estate tax bill or collateral assessment. Condominiums maximum loan to value 70% with appraisal where MSB does not have first mortgage, 60% real estate tax bill or collateral assessment.
Fees for opening the account range from $0 to $600. Call for details.
Equity Lines of Credit are variable rates subject to increase after consummation, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate plus 0% with a maximum rate of 18%. WSJ Prime Rate currently 3.25% with a floor of 4.00%.
ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. MINIMUM LOAN AMOUNT IS $10,000. ADDITIONAL TERMS, CONDITIONS, AND FEES MAY APPLY. PLEASE INQUIRE.
