Home Equity Term Loans
|
Term |
Interest Rate |
Payment Amount(a) |
Example Payment Term |
|
Up to 60 Months |
4.99% APR |
$35.53 |
30 Months |
|
61 to 120 Months |
4.99% APR |
$13.35 |
90 Months |
|
121 to 180 Months |
4.99% APR |
$8.98 |
150 Months |
|
Term |
Interest Rate |
Payment Amount(a) |
Example Payment Term |
|
Up to 60 Months |
5.50% APR |
$35.77 |
30 Months |
|
61 to 120 Months |
5.50% APR |
$13.59 |
90 Months |
|
121 to 180 Months |
5.60% APR |
$9.29 |
150 Months |
(Maximum Loan Amount = $100,000/Minimum = $5,000)
|
Term |
Interest Rate |
Payment Amount(a) |
Example Payment Term |
|
Up to 60 Months |
5.50% APR |
$35.76 |
30 Months |
|
61 to 120 Months |
5.50% APR |
$13.59 |
90 Months |
Home Equity Lines of Credit
|
Plan |
Loan to Value |
Maximum Loan Amount |
Minimum Loan Amount |
Current Interest Rate |
Rate Calculation |
|
Platinum |
70% or Less |
$350,000 |
$10,000 |
2.25% APR |
New York Prime minus 1.00% |
|
Gold |
70.01% to 80% |
$250,000 |
$10,000 |
3.25% APR |
New York Prime |
|
Silver |
80.01% to 85% |
$100,000 |
$10,000 |
4.00% APR |
New York Prime plus 0.75% |
Home Equity Lines of Credit are variable rate plans with rates subject to a change in the Index. The Index is the New York Prime Rate. The interest rate is the sum of the Index plus the margin. Rates are subject to change without notice. The maximum APR is 18%. If an appraisal is required, there will be a cost assessed to you ranging from $175.00 to $350.00. If you take an overdraft protection advance from the loan you will be charged $5.00. If you choose to access your line of credit by telephone there is a $5.00 fee. We reserve the right to impose a research fee of $25.00 per hour. Property insurance will be required. Flood insurance may be required.
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