10 Yr Closed-End Home Equity Loans
- No closing costs
- Limits up to 90% of the appraised value of your home (less mortgage & liens)
- Minimum loan amount of $5000
- Repayment term up to 10 years
- Interest may be tax deductible (consult your tax advisor)
15 Yr Closed-End Home Equity Loans
- No closing costs
- Limits up to 90% of the appraised value of your home (less mortgage & liens)
- Minimum loan amount of $5000
- Repayment term up to 15 years
- Interest may be tax deductible (consult your tax advisor)
| Closed End Home Equity Loans | ||
| Effective Date: Wednesday, September 8th, 2010 | ||
| Name | Term | Annual Percentage Rate |
| Closed End 10 Year Loan | 10 Year | 7.00% |
| Closed End 15 Year Loan | 15 Year | 7.25% |
| Quoted Closed End Home Equity Loan rates are the lowest available. Your final loan rate is based upon credit worthiness, original loan amount, and loan-to-value and may be higher than the quoted rates. | ||
0.25% discount available for 10 & 15 year closed end balances of $50,000 and greater!
Balloon payment programs also available!
Home Equity Line of Credit
- Rate tied to Prime, your line-of-credit limit, and your loan-to-value (LTV)
- No closing costs as long as the loan is not paid off within the first 36 months of the loan
- Line-of-credit up to 90% of the appraised value of your home (less mortgage & liens)
- Minimum loan approval amount of $10,000, with an initial minimum advance of $10,000
- 10-year draw period with a 10-year repayment term
- Interest may be tax deductible (consult your tax advisor)
- Payments based on as little as 1.35% of your outstanding balance as of your last advance
Quoted Home Equity Line-of-Credit rates are the lowest available. Your final loan rate is based upon the Prime rate, original credit limit, and loan-to-value and may be higher than the quoted rates. Rates have a floor of 4.00% and a maximum of 16.00%. Rates are subject to review and change quarterly.
Home Equity Line of Credit Loans Effective Date: Wednesday, September 8th, 2010
Name Balance Annual Percentage Rate
10 year Line of Credit
$10,000 - $49,999.99
4.00%
10 year Line of Credit
$50,000 and greater
4.00%
NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act