HOME EQUITY PRODUCTS

Lines of Credit

We offer a 10 year draw period during which time you can access your line of credit up to your credit limit by simply writing a check. During the draw period, your payments will consist of interest only on the outstanding balance. After the draw period ends, we will amortize the outstanding balance so the entire balance will be paid in full in 15 years. Minimum line amount $7,500.00.

Rates as of Friday, February 3, 2012
Interest Rate	Points	Annual Percentage Rate	Payment per $1,000	Payments	Apply
Home Equity Line of Credit
3.250%	0.000	3.250%	$2.71	Show Payments and Rates

Home Equity Line Disclosure:

The rate is Prime + 0% as published by The Wall Street Journal. Maximum Loan to Value ratio is 80% if Monson Savings holds the first mortgage and a current appraisal (dated within 6 months of application) is used, otherwise the maximum is 75% using the Brokers Price Opinion value. The Prime Rate is a variable rate and is reviewed monthly. The maximum APR for this product is 18%. This product has an early termination fee of $500.00 if the line is closed in the first three (3) years from the date of closing.