Medway Cooperative Bank

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Home Equity Rates

The Annual Percentage Rates are effective as of October 9, 2008
	No Points No Closing Costs**	APR
Home Equity Line of Credit† #Variable Rate	For the first 6 Months After 6 Months— Prime Rate - .50% for Life of Loan for Lines of Credit > $100,000**	3.99% Current Prime Rate - .50% is 4.00% *

*The rates and APRs are as of 10/9/08 and are subject to change. The Home Equity Line APR is .50% below the Prime Rate as published in the Wall Street Journal on the last business day of each month. As of 10/9/08, the Prime Rate is 4.50%. The APR is subject to change monthly. The minimum interest rate will not be less than 4.00% and it may increase after consummation to a maximum of 18%. The maximum combined loan-to-value is 75%. Owner occupied, 1-4 family properties. **If you believe the property assessment on your tax bill is undervalued, a $275 fee may be paid for a bank appraisal. Property insurance is required. Flood Insurance may be required. Please consult a tax advisor regarding the deductibility of interest. A termination fee of 1% of the credit line will be imposed if the credit line is closed within the first 3 years. ***Other rate programs available for lower Line of Credit limits. Minimum Line of Credit is $10,000 and maximum is $150,000.

The Annual Percentage Rates are effective as of 10/9/08.
Fixed Rate Home Equity Loans
Loan Type	Rate	Points	APR	P&I Pmt PER $1000
5 Years	5.875%*	0.00	5.875%*	$19.27
Without Autopay	6.375%	0.00	6.375%	$19.51
10 Years	6.125%*	0.00	6.125%*	$11.16
Without Autopay	6.625%	0.00	6.625%	$11.42
12 Years	6.250%*	0.00	6.250%*	$9.89
Without Autopay	6.750%	0.00	6.750%	$10.15
15 Years	6.375%*	0.00	6.375%*	$8.64
Without Autopay	6.875%	0.00	6.875%	$8.92

Loan Amounts are $10,000 to $150,000 for the 5, 10, 12 and 15 year terms. Maximum Combined Loan To Value is 75%. APR based on a $150,000 loan with an 75% LTV. No Points & No Closing Costs (Unless stated otherwise**)

*Autopay from a MCB deposit account is required.**If you believe the property assessment on your tax bill is under-valued, a $275 fee may be paid for a bank appraisal.

Rates