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What is the current interest rate for a loan to a mission congregations?

April 26, 2017congregations Interest rate loan mission

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What is the current interest rate for a loan to a mission congregations?

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Mission congregations who meet certain requirements qualify for a mortgage loan through WELS CEF at the base rate. Currently, the base rate is in effect for two consecutive 5 year terms (or ten years). As of July, 2007, the base rate has been set at 4.5%. The base rate is reviewed by the Board of Directors and is subject to change.