Home Equity Loan
30 Due in 20 - Fixed Rate
A home equity loan is a second mortgage on your property made in addition to your original loan.
The loan allows you to borrow against the equity in your home that has grown with its increased value
and/or your original mortgage has been paid down.
With a home equity loan, you receive the full amount at once, which you can use for activities such as: home remodeling, landscaping, higher education, or just about anything else.
Our 30 Due in 20 Home Equity Loan provides a lower payment option than our 15-year or 7-year Home Equity Loans, while offering the benefits of a fixed rate. Payments are fully amortized over 30 years, with a balloon payment due after 20 years that you can either pay in full or refinance.
Features
- No origination fees*
- No prepayment penalty*
- Condos and town homes are eligible*
- In-house servicing for the life of your loan
* Some restrictions apply. Click Terms & Conditions link below for details.
30 Due in 20 Fixed Home Equity Loan Rates
Max.
C-L-T-V
|
Max. Loan
Amount
|
Rate
|
APR
|
Estimated
Pymt./$1,000
|
 |
|
80%
|
$250,000
|
7.625%
|
7.625%
|
$7.08
|
 |
Rates are effective as of 1/6/2009,
and are subject to change without notice.
Fixed Interest Rate: The interest rate is fixed for the life of the loan.
Payments: Payments are fixed for the 20-year term, with a balloon payment due at the end of the term.
Term: 20 years. Payments fully amortized over 30 years, with a balloon payment due at the end of the 20-year term.
Estimated Processing Time: up to 30 days
To speak to a representative regarding a Home Equity Loan, please call our Telephone Service Center at 714/258-4000 or 800/462-8328, Monday through Friday, from 7 a.m. to 7 p.m.
