Rates effective February 14, 2013
|
Fixed Rate
|
|
Combined Loan to Value Ratio
|
Loan Term
|
Interest Rate
|
Points
|
Annual Percentage Rate
|
Payment per $1,000 borrowed
|
90% LTV
Minimum
Credit Score~
720 |
15 Years (Minimum Loan $22,500)
|
6.250%
|
0.00%
|
6.264%
|
$8.57
|
|
10 Years (Minimum Loan $17,500)
|
5.875%
|
0.00%
|
5.895%
|
$11.04
|
|
7 Years (Minimum Loan $12,500)
|
5.625%
|
0.00%
|
5.653%
|
$14.43
|
|
5 Years (Minimum Loan $10,000)
|
5.375%
|
0.00%
|
5.413%
|
$19.04
|
| |
|
|
|
|
85% LTV
Minimum
Credit Score~
680 |
15 Years (Minimum Loan $22,500)
|
5.250%
|
0.00%
|
5.264%
|
$8.04
|
|
10 Years (Minimum Loan $17,500)
|
5.000%
|
0.00%
|
5.020%
|
$10.61
|
|
7 Years (Minimum Loan $12,500)
|
4.875%
|
0.00%
|
4.902%
|
$14.07
|
|
5 Years (Minimum Loan $10,000)
|
4.750%
|
0.00%
|
4.788%
|
$18.76
|
| |
|
|
|
|
Fixed Rate and Term. Single Advance. Minimum loan $10,000-no maximum. Annual Percentage Rate based on loan amount of $100,000 and fees of $91.50. Additional restrictions apply if the property value exceeds $625,000. Borrower pays all closing costs. Combined Loan to Value Ratio is the total of your outstanding 1st mortgage balance plus the proposed equity loan, divided by the value of your home. ~Borrowers must exhibit minimum credit scores to qualify for combined LTV of 80% or greater. Call for rates for combined LTV lower than 85%..
NO CLOSING COST, FIXED-RATE HOME EQUITY LOANS AVAILABLE. PLEASE CALL 410.768.7800 FOR RATES AND DETAILS.
|
Home Equity Line of Credit
|
|
Combined Loan to Value Ratio
|
|
|
80%
|
85%
|
90% |
| |
N/A
|
Required
Minimum
Credit
Score~
680
|
Required
Minimum
Credit
Score~
720
|
|
Borrower Pays Closing
WSJ Prime+
|
-0.50%
|
0.00%
|
0.50% |
|
No Closing Costs *
WSJ Prime+
|
0.50%
|
1.00%
|
1.50% |
Revolving line of credit. Interest varies monthly based on Wall Street Journal Prime rate +/- the margin shown. Minimum loan amount $10,000. Borrowers must exhibit minimum credit scores to qualify for combined LTV in excess of 80%. Please call 410.768.7800 for a complete program disclosure and additional details.
* $10,000 advance required at loan closing. Excludes any county/city imposed transfer taxes. Borrower is responsible for all closing costs if the loan is paid off in less than 36 months.
~Borrowers must exhibit minimum credit scores to qualify for combined LTV in excess of 80%
Wall Street Journal Prime rate as of April 13, 2011 was 3.250%