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Life is a journey
Maybe you need a consumer loan — for a car, motorcycle
or a boat. MTA members receive a .25% APR discount**
on qualifying loans with automatic payment from a Berkshire
Bank checking account!
It’s a good time to apply for a home equity line with low rates
and no closing costs.* Plus, the $50 annual fee is waived each
year for MTA members for the life of the home equity loan.
Home Equity Line of Credit
» Make home improvements
» Consolidate your debt
» Fund an important purchase
» Help pay for major expenses
Life is exciting. Let us help.
Banking products are provided by Berkshire Bank: Member FDIC. Equal Housing Lender. Berkshire Bank is a Massachusetts chartered bank. Loan approval is subject to under writing criteria and subject to credit approval.
Equity Line of Credit: The annual fee of $50 will be waived for MTA members for the life of the loan; a minimum advance fee of $15 is charged for advances less than $250; stop-payment fee of $25; return-check charge of $25.
If the line of credit is paid off and closed within 35 months, a prepayment penalty will be charged, not to exceed 2% of the total credit limit, inclusive of fees and costs not exempt by law. For a credit limit of $15,000 – $24,999,
a prepayment penalty of $300 will be assessed. For a credit limit of $25,000 or more, a prepayment penalty of $500 will be assessed and the New York State mortgage tax paid by the Bank will be recaptured (not to exceed 2%).
*No closing costs for line amounts of $250,000 or below. For lines exceeding $250,000, the customer pays the cost of lender’s title insurance, attorney fees over $250 and the portion of the N YS mortgage tax on the line amounts
exceeding $250,000. The Bank pays the NYS mortgage tax on line amounts up to $250,000. Loan approval is subject to underwriting criteria and subject to credit approval. Other restrictions may apply. First or second lien on one- to four-family
owner-occupied residences and qualified second homes only. Offer does not apply to non-owner-occupied properties, rehabilitation loans, manufactured housing or homes currently offered for sale. Homeowners insurance is required. Flood
insurance may be required. Offer subject to change without notice. Interest may be tax deductible; check with your tax advisor.