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- Simply Refinance
- $500 Closing Cost Guarantee
- Your loan will be held by Mars Bank
Return the form below to get more information on this and other Home Equity options.
The Annual Percentage Rate (APR) shown is available to well qualified borrowers. Available for one-or two-unit owner-occupied primary residence properties. Offer is based upon 1st lien Home Equity and loan up to $300,000. The loan cannot be a purchase money mortgage. All existing mortgage limits plus this new loan cannot exceed 80% of the property value. A requirement of $25,000 minimum new money for a refinance of a current Mars Bank loan. Offer is subject to Mars Bank’s underwriting standards. Property insurance is required. Flood insurance may be required. If a trust or oil and gas lease is present, there may be additional document review fees incurred by the borrower. Consult your tax advisor regarding the ability to deduct interest. Payments shown do not include amounts for taxes and insurance premiums. Rates shown accurate as of publication date and subject to change at any time. NMLS 594084
1 15-year Home Equity Loan offer available for loan term of 180 months. Example: $200,000 loan on property that is an existing single-family home and is used as a primary residence. At a 3.45% interest rate, the APR for this loan type is 3.49%. The payment schedule would be 179 payments of $1,424.86 and 1 payment of $1,424.68.
2 20-year Home Equity Loan offer: available for loan term of 240 months. Example: $200,000 loan on property that is an existing single-family home and is used as a primary residence. At a 3.76% interest rate, the APR for this loan type is 3.79%. The payment schedule would be 239 payments of $1,186.82 and 1 payment of $1,186.11.
Mars Bank has a term and a rate to meet your needs. Don’t wait! We’re in your community, make local decisions, give you online and app access, and all backed by 119 years of relationship focus. Check rates, get an application started or contact a banking center to learn more.