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10 & Done Refinancing Promotion
Would you like to take advantage of the low mortgage rates but don’t want to pay the high cost to refinance?
MidWest America just might have a solution for you. With this special program, you can refinance your existing first mortgage balance or combine your existing 1st and 2nd mortgage balances up to $150,000 for a term of 10 years at the current fixed rate of 3.99% with only $99 closing costs or a rate of 3.69% with only $369 closing costs!
For example, based on an assessed value of $85,000 with a loan amount of $60,000 for 10 years at a rate of 3.99%, the APR would be 4.027% with the $99 loan origination fee included. The approximate payment would be $607.22 per month. And likewise, based on an assessed value of $85,000 with a loan amount of $60,000 for 10 years at a rate of 3.69%, the APR would be 3.822% with the $369 loan origination fee included. The approximate payment would be $598.71 per month. Please stop by or call 1-800-348-4738 or your nearest branch to find out additional information.
This is not available to purchase real estate. Relationship Perks do not apply to this special. Not eligible for escrow accounts. All other costs are paid by the credit union, with the exception of an appraisal (if needed). If the borrower has an open home equity or second mortgage that is not being refinanced, it will be their responsibility for the lenders cost of preparing the subordination agreement.