Home Equity Options*
|
|
|
|
VARIABLE RATE
- LINE OF CREDIT |
FIXED RATE - LINE OF CREDIT |
|
3.99%**
Discounted Rate in effect for the
first
six months of opening the Plan,
thereafter Prime Rate + 0%
for Life**
Semi-Annual Interest Rate Review
240 Month Repayment
Access the limit for up to 10 years
The annual percentage rate may vary.
Daily periodic rate .010932%
For complete program details -
click here
|
Term:
Rates
(APR) as Low
as:
240 Month.........................7.99%
(240 monthly payments of $8.35 per $1,000 financed)
180 Month.........................7.75%
(180 monthly payments of $9.41 per $1,000 financed)
120 Month...........................7.25%
(120 monthly payments of $11.73 per $1,000 financed)
Access the limit for up to 5 years
Locked in Fixed Rate for Life of the Plan
Your
rate may vary from the above rates and will be determined by your individual
credit history.
For complete program details -
click here |
|
FIXED RATE LOAN |
|
(up to 80% LTV)
Term:
Rates
(APR) as Low
as:
180 Month.........................7.25%
(180 monthly payments of $9.12 per $1,000 financed)
120 Month.........................6.75%
(120 monthly payments of $11.48 per $1,000 financed)
60 Month...........................6.25%
(60 monthly payments of $19.44 per $1,000 financed)
Your
rate may vary from the above rates and will be determined by your individual
credit history.
For complete
program details -
click here |
(81% up to 100% LTV)***
Term:
Rates
(APR) as Low
as:
180 Month...........................9.74%
(180 monthly payments of $10.58 per $1,000 financed)
120 Month...........................9.24%
(120 monthly payments of $12.79 per $1,000 financed)
60 Month...........................7.99%
(60 monthly payments of $20.79 per $1,000 financed)
Your
rate may vary from the above rates and will be determined by your individual
credit history.
***Maximum Loan Amount $25,000
exceeding the 80% LTV value
LTV (loan to value) |
|
APR = Annual Percentage Rate
*Loan Amounts or Limits up to 80%
equity; not to exceed $150,000.00
**As of 05/1/08 the Prime Rate was 5.00% APR (Annual
Percentage Rate). The rate will be adjusted to the Prime Rate as published
in the Wall Street Journal 30 days prior to the interest rate adjustment.
There is an annual adjustment cap of 2%, a lifetime cap of 15% For complete program details
- click here.
|
|
Preferred Rate Option: You may be
entitled to initially receive an additional (.25%)
discount if the credit union is in the first lien holder's
position on its home equity programs only. This discount would be added back to the loan if
we are asked to subordinate our lien holder's position. |
|
CLOSING
COSTS! Saratoga's Community FCU will pay all closing costs on your behalf except NY State Mortgage Tax. The calculation is .75% of the line of credit limit established or loan amount
financed. This applies to both Home Equity Loan programs. |
|
Home Improvement |
|
Term:
Rates
(APR) as Low
as:
84 Month.........................9.24%
(84monthly payments of $16.21 per $1,000 financed)
72 Month.........................7.99%
(72 monthly payments of $17.52 per $1,000 financed)
60 Month.........................7.74%
(60 monthly payments of $20.15 per $1,000 financed)
48 Month.........................7.49%
(48 monthly payments of $24.17 per $1,000 financed)
36 Month.........................7.24%
(36 monthly payments of $30.98 per $1,000 financed)
Your
rate may vary from the above rates and will be determined by your individual
credit history.
Minimum Loan $1,000.00 / Maximum Loan $15,000.00
For
complete program details - click here |
|
All rates disclosed above are done so
using the APR (Annual Percentage Rate),
and are disclosed with the lowest rate available to our members.
Your rate may vary from the above rates and will be determined
by your
individual credit history.
All rates are subject to change without notice.
We Do Business In
Accordance With the
Federal Fair Housing Law and the
Equal Credit Opportunity Act
|
