Real Estate / Home Equity Loan

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  • Home Equity Loan Rates

    Rates effective August 01, 2017July 03, 2017June 01, 2017March 01, 2017March 01, 2017March 01, 2017March 01, 2017

    Account Type APR Term Amount Comments
    Fixed-Rate Loan 85% LTV 4.50% 5 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 5.00% 7 years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 5.50% 10 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 6.50% 15 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 80% LTV 4.50% 10 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 80% LTV 5.00% 15 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Line of Credit 85% LTV 4.25% N/A $250,000 maximum Variable rate. Minimum monthly payment: 1.50% of outstanding balance. Draw period of 10 years and 15 year repayment term.
    ***DISCLAIMERS MUST BE UPDATED ON A PAGE BY PAGE BASIS***

    *APR= Annual Percentage Rate ** Variable rate of Wall Street Prime as printed in the Wall Street Journal on the last business day of the previous quarter. No Application Fee.

    No Closing Costs on Home Equity Loans and Home Equity Lines of Credit. If loan is paid off within 36 months the member will be required to reimburse Democracy FCU for closing costs paid on the member's behalf. Member is responsible for depositing funds for appraisal fee and will have funds released to them when the loan closes. If a loan does not close, funds deposited will be used to reimburse Democracy FCU for the cost of the appraisal. Other fees may also have to be paid if the loan does not close.

    ***DISCLAIMERS MUST BE UPDATED ON A PAGE BY PAGE BASIS***
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