Home Equity Loans
Effective: 09/02/2010
Term |
Rate |
Points |
APR** |
Payment per $1000 |
Max LTVR |
Max Loan |
|
|
|
20 Year Fixed
15 Year Fixed
10 Year Fixed
5 Year Fixed
|
5.500%
5.250%
5.000%
4.750%
|
0
0
0
0
|
5.518%
5.273%
5.033%
4.812%
|
$6.88
$8.04
$10.61
$18.76
|
75%
75%
75%
75%
|
$250,000/$5,000
$250,000/$5,000
$250,000/$5,000
$250,000/$5,000
|
|
|
|
1-4 Family & Condominiums: 75% maximum loan to value ratio.
Investment Property: 70% maximum loan to value ratio / Interest rates 1% higher
Second Homes: Interest Rate is 1/2% higher / 1 family only.
Application Fee: $150
Important Details
• Borrow up to $250,000
• We keep all loans in-house, so you're assured of Clifton Savings Bank's personal service.
*APR = Annual Percentage Rate
Interest rates and terms are subject to change without prior notice
Home Equity Lines of Credit
Effective: 09/02/2010
Rate: 4.50%; rate to adjust monthly to prime rate (prime rate is currently 3.25%)
Points: 0
APR*: 4.50%
Term: 20 Years (15 year draw period, 5 year repayment period)
Rate Caps: 18.00% maximum /4.50% minimum (no cap per adjustment)
Maximum LTV: 75% 1-4 Family and Condominiums
Loan Amounts: $250,000.00 maximum / $5,000.00 minimum
Minimum Draw: $500.00
Application Fee: $150.00
Property Type: 1-4 family and condominium; primary residences only
*APR = Annual Percentage Rate
Interest rates and terms are subject to change without prior notice
Borrower(s) must have adequate homeowners insurance in place at the time the line is opened.