Loans Rates

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Rates are current as of November 19, 2009 and are subject to change.

	Check Out Our Deposit Rates
	Consumer Loan Rates as low as:	APR*
	New Auto	5.49% to 14.99%**
	Used Auto	5.49% to 14.99%**
	New RVs/Boats	8.25%*******
	Used RVs/Boats	9.00%*******
	New Motorcycles	6.75% to 10.75%**
	Used Motorcycles	7.50% to 11.50%**
	Personal Loans	12.99%
	Visa Platinum Credit Card	9.90%
	Visa Gold or Classic Credit Cards	12.92%
	Preferred Credit	12.99%

Rates are current as of November 19, 2009 and are subject to change.
MECU Rates are published each Sunday in the Real Estate section of the Baltimore Sun.

Conventional Mortgages (Purchases up to 95% Loan to Value or $417,000, whichever is lower)	Base Rate	APR*
30-Year Fixed - Purchase	5.000% - No points	5.150%
30-Year Fixed - Purchase	4.750% - 1 point	4.988%

30-Year Fixed - Refinance	5.000% - No points	5.150%
30-Year Fixed - Refinance	4.750% - 1 point	4.988%
20-Year Fixed - Purchase/Refinance	5.000% - No points 4.750% - 1 point	5.150% 4.988%
15-Year Fixed - Purchase/Refinance	4.500% - No points 4.250% - 1 point	4.753% 4.655%
3/1 ARM** - Purchase/Refinance	4.500% - No points	3.450%
5/1 ARM** - Purchase/Refinance	4.250% - No points	3.557%
7/1 ARM** - Purchase/Refinance	4.750% - No points	3.953%
Call our mortgage partner at 410-823-3300 for current rates on Fixed and Adjustable Rate Jumbo Mortgage Loans over $417,000. *For Investment properties add 0.500% to the above rates.* ** Expanded Approvals also available
Buy in Baltimore Mortgages & Qualified First Time Homebuyers (Primary residence purchases only; up to 95% Loan to Value or $417,000, whichever is lower)
30-Year Fixed	4.750% - No points 4.500% - 1 point	4.898% 4.734%
20-Year Fixed	4.875% - No points 4.625% - 1 point	5.026% 4.863%
15-Year Fixed	4.250% - No points 4.000% - 1 point	4.502% 4.402%
3/1 ARM**	4.250% - No points	3.392%
5/1 ARM**	4.000% - No points	3.465%
7/1 ARM**	4.500% - No points	3.828%
Call our mortgage partner at 410-823-3300 for current rates on Fixed and Adjustable Rate Jumbo Mortgage Loans over $417,000.
Annual Percentage Rate. Mortgage Payment Example: A Loan for $150,000 at 5.000% for 30 years results in a monthly principal & interest payment of $805.70 with the total of interest paid over the life of the loan of $139,910.19 * The stated rates are variable and subject to increase after 3 years on the 3/1 ARM, 5 years on the 5/1 ARM and 7 years on the 7/1 ARM.

Home Equity Rate (Up to 90% Loan to Value)
*Home Equity Lines of Credit (HELOC) Variable Rate Based on Prime:**
Introductory Rate:	2.00% APR** for 6 months from the closing date. Requires a minimum advance of $10,000 at closing.

Initial Rate:	3.25% APR (LTV 80% or Less) Prime minus .25% 4.00% APR* (LTV over 80%) Prime Plus .75%

* MECU pays closing costs. Hazard Insurance required. The Annual Percentage Rate may vary. The maximum APR is 6.0% above the Initial Rate on the Line *The Interest Rate Floor is 3.25% .

*Fixed Rate/Fixed Term Home Equity Loans:**
Member pays closing costs:
Base Rate	Term	LTV	APR
7.000%	15 year term	LTV 80% or less	7.004% APR*
8.000%	15 year term	LTV over 80%	8.004% APR*

6.000%	10 year term	LTV 80% or less	6.004% APR*
7.000%	10 year term	LTV over 80%	7.004% APR*

5.500%	5 year term	LTV 80% or less	5.506% APR*
6.500%	5 year term	LTV over 80%	6.504% APR*


MECU pays closing costs:
Base Rate	Term	LTV	APR
7.500%	15 year term	LTV 80% or less	7.500% APR*
8.500%	15 year term	LTV over 80%	8.500% APR*

6.500%	10 year term	LTV 80% or less	6.500% APR*
7.500%	10 year term	LTV over 80%	7.500% APR*

6.000%	5 year term	LTV 80% or less	6.000% APR*
7.000%	5 year term	LTV over 80%	7.000% APR*

* Annual Percentage Rate. The APR is based on a Loan of $50,000 with a Total Loan To Value Ratio of 80%.

Payment Example for Fixed Rate/Fixed Term Home Equity Loan: A Loan for $50,000 at 7.000% for 15 years results in a monthly payment of $449.68, with a total of interest paid over the life of the loan of $30,877.45. Hazard Insurance required.
Loan decisions are based on credit worthiness, amount borrowed and ability to repay. Annual Percentage Rate The actual rate will be determined subject to down payment, term, amount borrowed, credit history, application, ability to repay and payment method. (The above rates assume a reduction for automatic repayment.) ******Rates subject to down payment, term, credit history, amount borrowed and ability to repay.