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Member Advantage Mortgage

Looking for a WCU Edge Home Equity Line or Edge Fixed Rate Home Equity Loan?
See rates below:

All rates, terms and conditions are subject to change without notice.

*APR = Annual Percentage Rate. Published Annual Percentage Rate (APR) is accurate as of 03/13/2020. All loan applications are subject to credit approval. Payment example: $18.02 per $1,000 borrowed for 60 months at 3.125%. Monthly payments per $1,000 borrowed does not include amounts for real estate taxes or insurance premiums. Appraisal fees may be applicable. If an appraisal is required, the closing costs charge will range from $400 to $650. Offer available for owner occupied primary residences only. Maximum loan amount is $510,400 and maximum loan-to-value of 80%. All Home Equity Loans require proof of income and homeowner’s insurance. Flood insurance required if property is located in a designated Flood Zone. All credit union loan rates, terms, conditions are subject to change at any time without notice. Membership eligibility required. NMLS #491585.


Edge Fixed Rate Home Equity Loan 80% LTV
(Effective: Sun. September 27, 2020)
Type Interest Rate APR*** Monthly Payments
per $1000 borrowed
5 Year Edge Home Equity Loan 3.125% 3.125% $18.02
10 Year Edge Home Equity Loan 3.75% 3.75% $10.01
15 Year Edge Home Equity Loan 4.25% 4.25% $7.52
20 Year Edge Home Equity Loan 4.625% 4.625% $6.39


10 Year Mortgage/1st Lien Equity
(Effective: Sun. September 27, 2020)
Type Interest Rate APR*** Monthly Payments
per $1000 borrowed
10 Year Mortgage 2.875% 2.875% $9.60


Edge Home Equity Line of Credit Special
(Effective: Sun. September 27, 2020)
Max. Term Min. Loan Amount APR*** Monthly Payments
per $1000 borrowed
240 Months $10,000.00 1.75% $4.94
An introductory annual percentage rate (APR) of 1.75% for the first twelve billing cycles with a periodic rate of 0.00534%. Thereafter, the APR will be set on the last business day of each month and will be either a floor rate of 3.50% APR with a periodic rate of 0.00959%, or, 1.00% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. The maximum rate is 18.00% and the floor rate is 3.50%. Draw period is ten years with an additional ten years to repay. An early termination fee of no more than $500 may be imposed to cover fees paid to third parties if the equity line is discharged within 36 months of the note date. Rate is subject to change after consummation. Offer only applies to owner-occupied primary residences. Equity is determined by taking 80% of the property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $400 to $550. The minimum loan amount is $10,000. Property insurance is required. Worcester CU members must maintain a $5 membership share account relationship. All requests are subject to credit approval.

All rates, terms and conditions are subject to change without notice. All rates and approval depend on credit worthiness and other qualifications.

***APR = Annual Percentage Rate – for Loan Accounts