Rate Drop, No Refi Offer

Effective only on mortgages approved starting 4/19/2024 or later. This offer subject to end at any time without notice. Available for primary residence only that is owner-occupied at the time the Rate-Drop, No-Refi modification request is made. Offer good on first mortgages with terms of up to 30 years. Not available on second mortgage home equity loans or lines of credit, including HELOCs, Express Mortgages, land loans, commercial loans, secondary market loans, or mobile home loans. Member must be in good standing and have no late payments of greater than 30 days on any loan including the original mortgage. You must have made at least one payment on this mortgage loan prior to exercising this promotional offer. Up to two maximum requests can be made in the 12-month offer period. Each request will require a fee of $399. This fee cannot be added to the principal of your mortgage and must be paid separately. You may make a request to exercise this option if the mortgage rate offered for your identical type of loan, published at MyMeridianTrust.com/rates/ and listed under the Home Loans tab, has dropped by 0.25% APR* (Annual Percentage Rate) or more from your current mortgage loan rate. The published rate may not follow reductions in other rate indexes such as the Fed Funds Rate. The rate offered will be the current published rate on the date that the signed loan modification form has been received from you and any co-borrowers on the mortgage. Borrower/member responsible for researching rates on MyMeridianTrust.com and contacting Meridian Trust FCU to exercise this option under this promotion. This is not a refinance of your original mortgage. The term, including principal balance and maturity date, will stay the same for the remainder of your mortgage. Your reduced monthly payment amount will be provided on the loan modification form which you are required to sign before the new rate takes effect. An amortization schedule for the remaining term of the modified mortgage loan will be provided upon request. This promotional offer cannot be combined with any other offers and/or lender credits. Ask us for additional details not covered in this disclosure. Allow 1-3 business days to process your signed loan modification request. This offer is good for 12 months following the funding date of your original mortgage loan taken on or after 4/19/2024. These terms and conditions do not constitute a commitment to lend, nor a guarantee of approval, for a mortgage loan from MTFCU. Offer cannot be retroactively applied to previously closed loans or loans in process prior to 4/19/2024. Option(s) to exercise future rate reductions expires within 12 months of loan funding. All loans subject to credit approval and property that meets all collateral and Your Savings Federally Insured valuation requirements. Rates may differ based on terms, credit profile, and other factors. Not valid with any other offers, discounts, or promotions. Additional restrictions/conditions may apply.