Be FREE of your Mortgage Loan in 10 Years or Less
with our FREEDOM LOAN!
If you have 15-20 years remaining on your mortgage loan, you may be a great candidate for our 10-Year Freedom Loan! Due to the low fixed interest rate and low closing costs, many members realize they can be mortgage free in 10 years or less.
Schedule an in-person or virtual appointment with one of our lenders to discuss your options.
Subject to membership, credit and underwriting guidelines. Refinance of existing M1CCU loans not eligible. For a Freedom Loan of $50,000 with a term of 120 months and a fixed rate APR of 3.000%, the monthly payment will be $479.92. Monthly payment does not include escrow for taxes and insurance. Suggested minimum loan amount of $30,000, maximum loan amount of $100,000. Offer applicable to 80% of determined property value. An appraisal is required for loans with a loan-to-value greater than 80% and is the member’s responsibility. The range of costs for the appraisal is between $450-$700. Property insurance required. If your property is in a flood plain flood insurance is required. Other restrictions may apply. Please see credit union for full details and disclosures. Federally insured by NCUA, Equal Opportunity Lender, NMLS#461085.