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Home Equity Line of Credit
(Open End, Variable Rate)
Rate = Wall Street Journal Prime Rate minus 0.5%, Adjusted Quarterly
(Minimum APR = 5.00% - Maximum APR = 21%)
5.00% APR
Fees (Mortgage Recording Fees, Flood Determination, Title Search) to open a Home Equity Line of Credit will typically range from $175 - $225
Fixed Rate Home Equity Loans
15 Year Amortization with Balloon Feature
| 3 Year Balloon |
6.00% APR |
| 5 Year Balloon |
6.25% APR |
| 7 Year Balloon |
6.75% APR |
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Fixed Rate Home Equity Loan
Examples of Repayment Terms
Example: $40,000 financed with a 7 year balloon and a 15 year amortization
Pay $354 per month for 83 months with a final payment of $26,545 for $40,000 borrowed at 6.75% APR with an 84 month term.
Fixed Rate Home Improvement Loans
| 60 months |
7.00% APR |
| 120 months |
8.00% APR |
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Fixed Rate Home Equity Loan
Examples of Repayment Terms
Example: $10,000 financed for a 10 year term
Pay $122 per month for $10,000 borrowed at 8.00% APR.
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