Home Equity Loan
30 Due in 20 Fixed Rate
(Primary Residence)
A home equity loan is a second mortgage on your property made in addition to your first mortgage.
The loan allows you to borrow against the equity you have established in your property for many
uses including remodeling, higher education, and landscaping.
This program provides a lower payment option than our 15-year or 7-year home equity loans, while
maintaining the benefits of a fixed rate. Payments are fully amortized over 30 years, with a balloon
payment due after 20 years that can be paid in full or refinanced.
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.
Rate
Range |
APR |
Max.
Loan1 |
Max.
CLTV1 |
Est.
Payment/
$1,000 |
7.750% -
8.250% |
7.750% -
8.250% |
$250,000 |
80% |
$7.16 -
$7.51 |
 |
1This product is also offered up to 90% CLTV with a maximum loan amount of $100,000. The rate is 1% above the lowest rate listed in the range above based on specific qualifying credit criteria. Please call our Real Estate Lending department for details.
PLEASE BE ADVISED:
The pricing you may qualify for is based on factors including your credit rating and the combined
loan-to-value (CLTV) of your property. The pricing information is effective as of 11/20/2009
and is subject to change without notice. The interest rate and payments are fixed for a term up to
20 years; fully amortized over 30 years with a balloon payment due at the end of the 20-year term.
A completed application is required for a rate to be locked. Estimated processing time: up to 30 days.
Questions? Call a real estate loan consultant at 714/258-4000 or 800/462-8328, extension 8288. Consultants are available Monday - Friday, from 8 a.m. to 7 p.m., and Saturday, from 9 a.m. to 3 p.m.
