If you have 15% or more equity in your home,
consider our Home Equity Loan or Home Equity Line of Credit.
Funds can be used for emergencies, home improvements, vacations,
debt consolidation, and interest may be tax deductible (please
see your tax advisor).
***Home Equity Line Special!!!!!***
Open a new Home Equity Line of Credit & enjoy a variable
rate below Prime* for the life of the loan**
*As published in the Wall Street Journal, currently 5.00%
**Prime - 0.25%; Minimum loan amount $50,000; Maximum LTV 80%
HOME EQUITY LINE OF CREDIT
Prime + 0% (*Current Rate 5.00%,APR
5.00%), up to 80% LTV
Prime + 1% (*Current Rate 6.00%,APR
6.00%), up to 85% LTV
Sample of how much you may qualify to borrow:
Estimated house value
$150,000
1st mortgage balance
$100,000
Home Equity Line of Credit amount:
at 80%
$20,000
at 85%
$27,500
Term is for 10 years and renewable for another 10 years
The $50 annual fee is waived for the first year
Monthly payments are interest only, however principal may be
paid down
at any time without penalty.
A second mortgage is filed as collateral
This is a terrific opportunity to have funds available for
current and future needs. Call one of our loan officers to
apply either by phone or in person at any of our convenient
branch locations. If you apply in person, bring the
following items with you to speed up the application process:
1. Copy of 2007 tax return (or 2006 return and
2007 W-2
statement), recent pay stubs, or other income verification
2. Copy of deed
3. Proof of homeowner's insurance
*Prime is currently at 5.00%
FIXED RATE 1ST NATIONAL HOME EQUITY LOAN
|
TERM |
RATE |
APR** |
| 60 Months |
5.50% |
5.703% |
| 84 Months *** |
6.00% |
6.151% |
| 120Month Balloon *** |
6.50% |
6.611% |
Up to 80% LTV **Assumes loan amount of
$25,000.00 ***15 year amortization
A second mortgage is filed as collateral
There is a $250.00 origination fee
Loans require auto payment deduction from a 1st National Bank
deposit account
|
