When you need a loan, a Home Equity Loan or Home Equity Line of Credit is often your best borrowing choice. Use your home's equity (your home's value less any outstanding home loans) to borrow for any purpose, such as:
Closing costs of $80 to $660 are waived for all owner-occupied Home Equity Loans with a balance or Line-of-Credit of $10,000 or more. Excludes Landmark refinances. Homeowner insurance required.
*2.75% APR available on owner-occupied homes with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Rate locked until
1-1-2013, then set a Prime (recently 3.25%) or 3.99% APR, whichever is higher. Rate is subject to change on 1-1-2013 and thereafter on the
first business day following any change in the Prime Rate as published in the Wall Street Journal. Interest-only payments are available for the
first 10 years, then the payment would be $1.75 per $100 of the loan balance. Maximum rate 20%. Minimum credit line is $5,000. Early termination
fee applies.
**Fixed rates apply to owner-occupied homes with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Loan rates without Auto
Pay are 1/4% higher. Monthly payments on a 5-year, 80% LTV loan at 3.9% APR would be $19.30 per $1,000 borrowed. Minimum loan amounts may apply.
† Payments on loans with terms up to 120 months include single Credit Protection coverage. Joint Credit Protection coverages are also available for loans with terms up to 120 months.