| Fixed Rate |
Combined
Loan
to Value Ratio |
Loan Term |
Interest
Rate |
Points |
Annual Percentage
Rate |
Payment
per $1,000
borrowed |
80%
Minimum
Credit Score~
n/a |
30 Years (Minimum
Loan $30,000) |
7.250% |
0.00% |
7.274% |
$6.82 |
| 15 Years
(Minimum Loan $22,500) |
6.500% |
0.00% |
6.551% |
$8.57 |
| 10 Years
(Minimum Loan $17,500) |
6.250% |
0.00% |
6.341% |
$11.10 |
| 7 Years
(Minimum Loan $12,500) |
6.125% |
0.00% |
6.303% |
$14.67 |
| 5 Years
(Minimum Loan $10,000) |
6.000% |
0.00% |
6.299% |
$19.33 |
| |
|
|
|
|
|
85%
Minimum
Credit Score~
650 |
30 Years (Minimum
Loan $30,000) |
7.375% |
0.00% |
7.399% |
$6.91 |
| 15 Years
(Minimum Loan $22,500) |
6.625% |
0.00% |
6.676% |
$8.78 |
| 10 Years
(Minimum Loan $17,500) |
6.375% |
0.00% |
6.468% |
$11.29 |
| 7 Years
(Minimum Loan $12,500) |
6.250% |
0.00% |
6.428% |
$14.73 |
| 5 Years
(Minimum Loan $10,000) |
6.125% |
0.00% |
6.424% |
$19.39 |
| |
|
|
|
|
|
90%
Minimum
Credit Score~
660 |
30 Years (Minimum
Loan $30,000) |
7.500% |
0.00% |
7.525% |
$6.99 |
| 15 Years
(Minimum Loan $22,500) |
6.75% |
0.00% |
6.8016% |
$8.85 |
| 10 Years
(Minimum Loan $17,500) |
6.500% |
0.00% |
6.593% |
$11.35 |
| 7 Years
(Minimum Loan $12,500) |
6.375% |
0.00% |
6.553% |
$14.79 |
| 5 Years
(Minimum Loan $10,000) |
6.250% |
0.00% |
6.554% |
$19.45 |
| |
|
|
|
|
|
95%
Minimum
Credit Score~
680 |
30 Years (Minimum
Loan $30,000) |
7.625% |
0.00% |
7.650% |
$7.08 |
| 15 Years
(Minimum Loan $22,500) |
6.875% |
0.00% |
6.927% |
$8.92 |
| 10 Years
(Minimum Loan $17,500) |
6.625% |
0.00% |
6.718% |
$11.42 |
| 7 Years
(Minimum Loan $12,500) |
6.500% |
0.00% |
6.679% |
$14.79 |
| 5 Years
(Minimum Loan $10,000) |
6.375% |
0.00% |
6.679% |
$19.39 |
| |
|
|
|
|
|
100%
Minimum
Credit Score~
700 |
30 Years (Minimum
Loan $30,000) |
N/A |
N/A |
N/A |
N/A |
| 15 Years
(Minimum Loan $22,500) |
N/A |
N/A |
N/A |
N/A |
| 10 Years
(Minimum Loan $17,500) |
N/A |
N/A |
N/A |
N/A |
| 7 Years
(Minimum Loan $12,500) |
N/A |
N/A |
N/A |
N/A |
| 5 Years
(Minimum Loan $10,000) |
N/A |
N/A |
N/A |
N/A |
|
Fixed Rate and Term. Single Advance.
Minimum loan $10,000-no maximum. 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 in
excess of 80%.
|
| HOME EQUITY LINE OF CREDIT |
| Combined Loan to Value Ratio |
| |
80% |
85% |
90% |
95% |
100% |
| |
N/A |
Required
Minimum
Credit
Score~
650 |
Required
Minimum
Credit
Score~
660 |
Required
Minimum
Credit
Score~
680 |
Required
Minimum
Credit
Score~
700 |
Borrower Pays Closing
WSJ Prime+ |
-0.50% |
0.00% |
0.50% |
1.00% |
1.50% |
No Closing Costs *
WSJ Prime+ |
0.00% |
0.50% |
1.00% |
1.50% |
2.00% |
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 410-355-9300 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
July 23, 2008 was
5.000%
|
