Home Equity Installment
Effective July 24, 2014

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 (estimated $250 cost, paid up front by applicant). 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.

 

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