Retire Without A Mortgage With MECU’s Special New Loan!
posted: 10/11/2011
For many people, a carefree retirement means life without the burden of a mortgage. We can help make it happen.
Introducing the MECU “Retire Your Mortgage” loan. It’s a 10-year fixed-rate loan designed to help you pay off your house near or at your retirement date.
By refinancing at a lower rate and a shorter term, you can reduce your principal quicker and potentially save thousands of dollars in interest charges by the time you pay off your loan. You’ll enjoy:
- Financing up to $1 million
- No prepayment penalties
- No escrow account as long as the loan-to-value is 80% or less — this way, money otherwise set aside for taxes can stay in your MECU savings account and earn dividends
- A preapproval in just minutes
- 24/7 online access to your accounts
- Convenient repayment methods, including automatic transfers from your MECU savings or checking account
As always, MECU makes it easy to get started. To apply, just click here. Or call 877.270.6392 and select option 3, then 1.
So why not make your retirement party also a farewell party for your mortgage? Now that’s something really worth celebrating!
The Retire Your Mortgage loan is available for rate-and-term refinances or purchase transactions.
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