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Home Equity Loan Comparison Chart
| Type |
Interest Rate |
Maximum
Term |
Max. LTV |
Max. Loan |
Fees |
|
Home Equity - FR |
Fixed |
15 years |
100% |
$100,000 |
$100* |
| Home Equity Line |
Variable |
15 years |
100% |
$100,000 |
$100* |
| No Fee Home Equity Line |
Variable |
15 years |
100% |
$100,000 |
$100* |
* Does not include 3rd party fees, such as appraisal, tile
& escrow fees.
Home Equity - Fixed Rate
Use our Home Equity (HE) fixed rate
loan if you want the security of a constant payment and no interest rate changes
over the term of your loan.
This loan carries these features:
 | Closed-end Loan - one disbursement at the beginning of the
loan |
| Fixed Interest Rate over life of the loan |
| Repayment terms up to
15 years |
| Up to 100% loan-To-Value (LTV) allowed |
| Owner occupied property
only |
Home Equity Line of Credit
This loan offers maximum
flexibility - you can draw and pay back the loan as your needs fit.
Check out
the following features:
| Open-end Loan - disbursements as needed during the
draw period |
| Five year draw period |
| Fifteen year repayment (payments always
calculated on a 15 year amortization) |
| Variable Interest rate based on Prime
as published by the Wall Street Journal |
| Maximum loan to value of 100% |
| Low $100 fee option |
| Owner occupied property only |
| Maximum A.P.R. - 18% |
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