Loans & Credit Cards / Home Equity Loan

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  • Home Equity Loan Rates

    Rates effective July 01, 2014April 01, 2014April 01, 2014April 01, 2014April 01, 2014April 01, 2014April 01, 2014

    Account Type APR Term Amount Comments
    Fixed-Rate Loan 85% LTV 4.50%*** 5 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 5.00%*** 7 years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 5.50%*** 10 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 85% LTV 6.50%*** 15 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 80% LTV 4.50%*** 10 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Fixed-Rate Loan 80% LTV 5.00%*** 15 Years $250,000 maximum Fixed Monthy Payment of Principal and Interest
    Line of Credit 85% LTV 3.25%*** N/A $250,000 maximum Minimum monthly payment: 1.50% of outstanding balance. Draw period of 10 years and 15 year repayment term.
    ***DISCLAIMERS MUST BE UPDATED ON A PAGE BY PAGE BASIS***

    **1) Variable rate of Wall Street Prime 3.25%*** as printed in the Wall Street Journal on the last business day of the previous quarter. No Application Fee 2)No Closing Costs on Home Equity Loans and Home Equity Lines of Credit. If loan is paid off within 36 months the member will be required to reimburse HEWFCU for closing costs paid on the member's behalf. HEWFCU will pay the Appraisal Cost, upon closing. Member is responsible for depositing funds for appraisal fee and will have funds released to them when the loan closes. If a loan does not close, funds deposited will be used to reimburse HEWFCU for the cost of the appraisal. Other fees may also have to be paid if the loan does not close.

    ***DISCLAIMERS MUST BE UPDATED ON A PAGE BY PAGE BASIS***
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