Home Equity Loans

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Information below is effective October 1, 2008. Rates and terms are subject to change at any time.

Home Equity Loans

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Owner Occupied Only
Minimal Cost to Borrower*
Maximum Loan to Value: 80%
 

Rate

Term

Minimum

5.99%

5-year fixed term

$5,000

6.49%

10-year fixed term

$10,000

6.74%

15-year fixed term

$10,000

5.99%

5-year balloon
30-year maximum payout

$10,000

Home Equity Lines of Credit

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Minimal cost to borrower*
Owner Occupied Only
Maximum Loan-to-value: 80%
1/2 below prime lifetime
Subject to 5.00% minimum interest rate
Current Rate: 5.00%
* Mortgage Recording Fees are paid by loan applicant(s).

Note: Home equity Loans or Lines over $250,000 require a full appraisal with cost paid by loan applicant(s).

Equal Housing Lender

equal