FlexChoice | Members Choice Financial Credit Union

FlexChoice

With a FlexChoice Home Equity Line of Credit you can get cash for home improvement, vacation, debt consolidation, tuition, books …YOU CHOOSE!

Ask about convenient FlexChoice checks… get cash anytime, anywhere!

A FlexChoice loan from Members Choice gives you the flexibility of a line of credit and the certainty of a home equity loan. Unlike traditional line of credit products whose rates vary throughout the term, with the FlexChoice loan you can lock in segments of your balance at a low fixed rate with a fixed term. Any balance that you choose not to lock in will be subject to a variable rate. Once approved, you can draw on your credit limit for ten years (or until you reach your limit) and then you have 15 years to repay the remaining balance.

*Entry includes FlexChoice loan applications starting April 1, 2017 and must be closed by June 30, 2017.Minimum requirements to be eligible for entry to win 1(one) of 4(four)$500 Home Depot® OR Lowe’s® Gift Card: FlexChoice Home Equity Line of Credit – minimum credit limit of $7,500 and automatic loan payment from a M-C FCU savings or checking account. Winners will be randomly selected from qualified loan closings.The Home Depot® or Lowe’s® gift cards will be mailed by July 31, 2017.There will be a maximum of 4(four) total winners and may be fewer based on eligibility of applications received. Gift card may be considered income and reported on 1099 MISC or 1099 INT. Existing M-C FCU loans are not eligible for this offer. Must carry insurance on the property. Owner occupied properties in Pennsylvania only. Consult your tax advisor regarding the deductibility of interest. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Members Choice Financial Credit Union is not affiliated with The Home Depot® or Lowe’s®. The Home Depot® is a registered trademark of Homer TLC, Inc. The Home Depot® is not a sponsor of this promotion. Lowe’s® and the gable design are registered trademarks of LF, LLC, Inc. Lowe’s® is not a sponsor of this promotion. M-C FCU is not responsible for lost or stolen gift cards.

 

FlexChoiceAPR*
Fixed Rates
24 Months2.49%
36 Months2.59%
60 Months3.29%
84 Months3.99%
120 Months4.29%
Variable Rates
WSJ Prime Rate4.00%

Questions about a FlexChoice Home Equity Line of Credit? Contact Us

**APR = Annual Percentage Rate. Rates are subject to change without notice. LTV=Loan to Value. ARM=Adjustable Rate Mortgage. WSJ=Wall Street Journal. ^Your rate on auto loans may vary from the rates above and will be determined by your credit history, term and age of vehicle. Your rate on MasterCard may vary from the rate above and will be determined by your credit history and card relationship. Your rate on signature loans may vary from the rates above and will be determined by your credit history. ± An alternative to Payday Loans. $25 application fee. †Competitive rates and fees.Loan fees vary based on credit history and other underwriting criteria. Maximum lifetime aggregate limit $250,000. ‡$300 application fee. Other fees may apply. Your rate will be determined by your credit history as well as other factors relating to the type of loan request. M-C Financial Credit Union membership is required.