|
(1)
Home Equity loan rates shown are for loans secured by a member's
primary residence or single family owner occupied vacation
property. Rates and terms vary for loans secured by other
types of property. Rates reflect 1/4% discount for automatic
payment from a PFFCU account for applicable loans.
(2)
LTV is calculated based upon your loan amount plus any outstanding
liens. This combined amount is divided by the appraised value
of your home. The resulting ratio will be a factor in determining
your interest rate and how much you can borrow. For LTV ratios
of 85.01% - 100% the maximum PFFCU home equity loan amount
is $50,000. For LTV ratios of 100.01% - 115% the maximum PFFCU
home equity loan amount is $25,000.
(3)
All payments quoted above are based on per $1,000 borrowed
for 15 years, except 100.01% to 115% which is based on 10 years
and the Special 20-30 Year Home Equity Loans. To
get a monthly payment for a specific borrowed amount, multiply
the per $1,000 payment factor by the number of thousand dollars
borrowed. For example, if you borrow $20,000, multiply 20 by
the figure specified next to the specific loan product.
(4) Home Equity Line of Credit
rates reflect 1/4% discount for automatic payment from
a PFFCU account for loans with LTV's of less than or equal
to 80%. The APR for HELOCs may not exceed 18%. The current
prime rate equals 6.00% as of 03/15/2008. APR= Prime
Rate + Margin. |
