Rates
Discover the power of Maine Community Bank.
Get the benefits of more lending power, competitive rates, and local decisions,
Bank with Confidence.
Rates effective July, 14, 2020 and are subject to change.
Personal
Business
CDs & IRAs
Loans
Home Equity
Home Equity
Term
Rate Change Frequency
Rate
Annual Percentage Rate(APR)
Home Equity Line of Credit (HELOC) 25 Years¹ Adjustable 3.250% 3.250%² Home Equity Loan 10 Years Fixed 4.000% 4.424%3 Home Equity Loan 15 Years Fixed 4.250% 4.546%4
Term
Home Equity Line of Credit (HELOC) 25 Years¹ Home Equity Loan 10 Years Home Equity Loan 15 Years
Rate Change Frequency
Home Equity Line of Credit (HELOC) Adjustable Home Equity Loan Fixed Home Equity Loan Fixed
Rate
Home Equity Line of Credit (HELOC) 3.250% Home Equity Loan 4.000% Home Equity Loan 4.250%
Annual Percentage Rate (APR)
Home Equity Line of Credit (HELOC) 3.250%² Home Equity Loan 4.424%3 Home Equity Loan 4.546%4
1Interest only during draw period. Draw period of 10 years. At the end of the draw period, repayment is scheduled over 180 months. APR adjusts monthly based on the prime rate published in the Wall Street Journal plus a margin. Closing costs generally range from $0 to $1,000 but may be higher under extenuating situations. Flood and/or property insurance is required.
2Maximum APR is 18.00%.
33Example of a typical Home Equity Loan: 120 monthly payments of $101.25 based on a $10,000 loan, at 4.000% which equals to $10.13 per thousand. Your payment will vary due to amount and interest rate. Fees may apply.
44Example of a typical Home Equity Loan: 180 monthly payments of $75.23 based on a $10,000 loan, at 4.250% which equals to $7.52 per thousand. Your payment will vary due to amount and interest rate. Fees may apply.
Discover the power of Maine Community Bank.
Get the benefits of more lending power, competitive rates, and local decisions,
Bank with Confidence.
Rates effective July, 14, 2020 and are subject to change.Personal
Business
CDs & IRAs
Loans
Home Equity
Home Equity |
Term | Rate Change Frequency | Rate | Annual Percentage Rate (APR) |
|---|---|---|---|---|
| Home Equity Line of Credit (HELOC) | 25 Years¹ | Adjustable | 3.250% | 3.250%² |
| Home Equity Loan | 10 Years | Fixed | 4.000% | 4.424%3 |
| Home Equity Loan | 15 Years | Fixed | 4.250% | 4.546%4 |
| Term | |
|---|---|
| Home Equity Line of Credit (HELOC) | 25 Years¹ |
| Home Equity Loan | 10 Years |
| Home Equity Loan | 15 Years |
| Rate Change Frequency | |
| Home Equity Line of Credit (HELOC) | Adjustable |
| Home Equity Loan | Fixed |
| Home Equity Loan | Fixed |
| Rate | |
| Home Equity Line of Credit (HELOC) | 3.250% |
| Home Equity Loan | 4.000% |
| Home Equity Loan | 4.250% |
| Annual Percentage Rate (APR) |
|
| Home Equity Line of Credit (HELOC) | 3.250%² |
| Home Equity Loan | 4.424%3 |
| Home Equity Loan | 4.546%4 |
1Interest only during draw period. Draw period of 10 years. At the end of the draw period, repayment is scheduled over 180 months. APR adjusts monthly based on the prime rate published in the Wall Street Journal plus a margin. Closing costs generally range from $0 to $1,000 but may be higher under extenuating situations. Flood and/or property insurance is required.
2Maximum APR is 18.00%.
33Example of a typical Home Equity Loan: 120 monthly payments of $101.25 based on a $10,000 loan, at 4.000% which equals to $10.13 per thousand. Your payment will vary due to amount and interest rate. Fees may apply.
44Example of a typical Home Equity Loan: 180 monthly payments of $75.23 based on a $10,000 loan, at 4.250% which equals to $7.52 per thousand. Your payment will vary due to amount and interest rate. Fees may apply.
