|
 Home Equity Loan
Fixed Rate
A home
equity loan is a second mortgage on your property made in addition
to your original loan. It allows you to borrow against the equity in
your home that has grown with its increased value and/or your
original mortgage has been paid down.
With a home equity loan, you
receive a lump-sum payment at closing, which you can use for
anything: home improvements, education, business investments, or for
unexpected expenses.
Features
Single
Disbursement
No prepayment penalty*
Condos and town homes are eligible
Must be owner-occupied
In-house loan servicing for the life of your loan
Fixed Home Equity Loan Rates
|
Max.
C-L-T-V |
Max. Loan
Amount |
Rate |
Term |
Estimated
Pymt./$1,000 |
|
 |
|
90%
|
$50,000 |
6.29% |
5 Years
|
$ |
|
 |
|
90% |
$75,000 |
6.79%
|
7 Years |
$ |
|
 |
The
rates quoted are for terms up to 15 years, are effective as of
3/15/2008, and are subject to change without notice.
Fixed Interest Rate: The interest rate and payments are fixed
for the life of the loan.
Maximum C-L-T-V
= Maximum "Combined-Loan-to-Value" which includes the balance of the
first mortgage.
Loan Costs: $300
Estimated Processing Time: 7 days
To
speak to a representative regarding a Home Equity Loan, please call
Kasey
847-670-0459.
Home Equity Loan
Application |
