Equity Loan Rates
Rates effective September 4th, 2010.
| Equity Loan - Closed End | ||||||
|---|---|---|---|---|---|---|
| Owner Occupied | ||||||
| Combined Loan to Value | Minimum Loan | Maximum Loan | Loan Fee | Maximum Term | Rate | APR* |
| 80% or Less | $10,000 | $100,000 | None | 84 Months | 6.69% | 7.06% |
| 80% or Less | $10,000 | $100,000 | None | 180 Months | 6.69% | 6.88% |
| Non-Owner Occupied - Not available | ||||||
* ANNUAL PERCENTAGE RATE , All loans are subject to property valuation, limited to one-to-four family units located in the state of California, excludes manufactured and mobile homes. Other restrictions on the property may apply. Loans secured by your home other than your first mortgage must be paid at the time of account funding. Property insurance required. Flood insurance might be required. All loans are subject to an early closure fee, of $250.00, if the loan is paid off within the first 12 months.
Loans in excess of 80% combined loan to value (LTV) are not available.
At 7.06% APR, the monthly principal and interest payment on a $25,000 84 - month loan, 80% LTV fixed - rate equity loan would be $373.55 per month. At 6.88% APR, the monthly principal and interest payment on a $25,000 180 - month loan, 80% LTV fixed - rate equity loan would be $220.41 per month. At 9.46% APR, the monthly principal and interest payment on a $25,000 180 - month loan, 70% LTV fixed - rate equity loan would be $257.30 per month.
