Home Equity
Effective May 16, 2013
Term - 60 Months
- Maximum Amount - 80% of Appraised Value
- Rate** - 3.500%
- APR* - 3.558%
Term - 120 Months
- Maximum Amount - 80% of Appraised Value
- Rate** - 3.750%
- APR* - 3.808%
Term - 180 Months
- Maximum Amount - 80% of Appraised Value
- Rate** - 3.900%
- APR* - 3.959%
Above APR assumes a $100,000 loan amount for term stated. Monthly payment example: 180 monthly payments of $7.35 per $1,000 borrowed at 3.900% Interest Rate with a corresponding 3.959% APR.
- Loan interest may be tax deductible, please consult your tax advisor.
- Loan approval subject to Bank's Loan Underwriting Guidelines.
- Title insurance required for loans greater than $150,000 with fee to be paid by borrower(s).
- Real estate appraisal required. Other closing costs may apply.
- Maximum loan to value [LTV] is 80%; outstanding mortgage lien balances will be used in calculation of equity.
- Property Insurance is required and Flood Insurance may be required if real estate collateral is located in a flood zone.
- Mortgage satisfaction fee to be paid by borrower(s) applies at loan payoff.
- Property must be owner occupied and located in the Bank’s geographic lending area.
* Annual Percentage Rate
** Best rate available; credit history may affect your interest rate/APR
Rates subject to change without notice.
Please call or visit any one of our branch offices for further details.
