Rates >> Mortgage & Home Equity
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Real Estate Loans
| Loan Type |
Rate / APR* |
% Financed |
Max Term |
Comments |
| 10 Year Fixed |
5.625%, 0 PT / 5.780% APR |
80% |
120 Months |
$417,000 Max |
|
15 Year Fixed |
5.875%, 0 PT / 5.986% APR |
80% |
180 Months |
$417,000 Max |
| 30 Year Fixed |
6.250%, 0 PT / 6.345% APR |
80% |
360 Months |
$417,000 Max |
|
5 Year Balloon |
4.875%, 0 PT / 5.042% APR |
80% |
360 Months |
$417,000 Max |
| 5 Year Balloon (PMI) |
6.500%, 0 PT / 7.237% APR |
90% |
360 Months |
$250,000 Max |
|
7 Year Balloon |
5.750%, 0 PT / 5.879% APR |
80% |
360 Months |
$417,000 Max |
|
10 Year Balloon |
5.875%, 0 PT / 5.977% APR |
80% |
360 Months |
$417,000 Max |
*APR = Annual Percentage Rate based on $50,000.00 for specified term . Maximum Financing 80% of appraised value minus existing leins. Please contact the mortgage department for more details. Rates as of August 01, 2009 and are subject to change.
Home Equity
|
Line of Credit (HELOC) |
Balloon Rate |
|
TERM: |
up to 10 Year Repayment
10 Year Draw |
60 Months (240 month amoratization) |
| MAXIMUM LOAN: |
95% of the appraised value or 100% (2 x SEV), minus existing
leins, $100,000 Maximum |
95% of the appraised value or 100% (2 x SEV), minus existing leins, $100,000 Maximum |
| CLOSING COSTS: |
|
|
| RATE: |
4.000% |
6.500% |
| DAILY RATE: |
0.000110% - Daily Rate |
0.000178% - Daily Rate |
| RESCISSION PERIOD: A RECISION PERIOD AS REQUIRED BY LAW IS THREE BUSINESS DAYS AFTER CLOSING. THERE WILL BE NO MONETARY ADVANCES UNTIL THE RECISION PERIOD IS UP. |
* Home Equity Line of Credit rates are quoted As-Low-As. Maximum APR that may be imposed is 18.00%, Minimum APR that may be imposed is 4.00%. Check with the loan department for more details.
Rates as of August 01, 2009 and are subject to change.
FinancialEdge Community Credit Union
P.O. Box 446
Bay City, Michigan
48707
989.892.6088
Fax: 989.892.3610
info@financialedgeccu.org
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