Home Equity Loan & Home Equity Line of Credit
To apply simply provide the following:
►Verification of Income
Paycheck Stub, W2 Form or Income Tax Return
Current Mortgage Statement Balance
►Employer & Length of Employment
►How long at current residence
 ►
Amount requested & purpose of loan
Homeowners Insurance Policy
 ►
If Joint or Co-Sign Loan
Their Social Security Number & Birthdate
(SS# & Birthdate not needed if joint 
or co-signer is a MLHEFCU Member)
 
 Phone number where you can be reached Drop off to your nearest branch or fax to 610-526-4223

Home Equity Line of Credit-Variable Rate Product LTV 80%-August 2010

FICO Score

Prime Rate

Risk Spread

Rate

A+ 850 
to 730

3.25%

-2.00%

5.00%

Floor 5%

A  729 
to 680

3.25%

-1.00%

5.00%

Floor 5%

B  679 
to 640

3.25%

 0.00%

5.00%

Floor 5%