HOME EQUITY LOANS
|
Annual Percentage Rate |
Type |
Loan Amount |
Loan Term |
|
5.50% APR |
Variable Rate |
$25,000 to $150,000 |
15 Years |
|
5.75% APR |
Fixed Rate |
up to $50,000 |
5 Years |
|
6.25% APR |
Fixed Rate |
up to $75,000 |
7 Years |
|
CALL 847/670-0459 FOR AN APPLICATION or click here to download a
Home Equity Application Home
Equity Disclosure
|
|
HOME EQUITY LOAN |
Line-of-Credit |
FIXED RATE |
|
Rate Changes |
Jan 1 & July 1 |
Fixed |
|
Maximum Loan Term |
15 Years |
up to 7 Years |
|
Loan Advances |
"Open End"
Multiple Advances |
"Closed End"
Single advance at closing |
|
Minimum Loan Amount |
$25,000 |
$25,000 |
|
Maximum Loan Amount |
$150,000 |
$60,000 |
|
Maximum Loan-to-Value |
90% |
90% |
|
Application / Appraisal /Closing Fee |
$350 |
$350 |
| |
|
Illinois Properties only. Must be member’s primary residence.
Multi-Family (2-4 units), eligible at higher rate and additional
costs. *Rate is indexed to prime rate and is subject to change until
loan is disbursed. Home Equity Loans with Higher Loan-To-Value (LTV)
ratios, may be available at a premium. The application / appraisal
fee is non-refundable, additional fees may be assessed for
properties outside surrounding counties. If the Equity Loan is paid
off before the first anniversary of the closing date you agree to
reimburse all the closing costs and fees incurred by METRO Federal
Credit Union. This offer does not apply to current METRO loans. Call
(847) 670-0456 for complete details.
The Prime Interest Rate is 3.25%, as published in the Wall Street
Journal April 2010.
|
We
have Great Home Equity Loans. You can Borrow up to 90% of
your homes value.
Call me at 847-670-0459,
I can go over the details with you.
Kasey,
Loan Coordinator
|
