Las Vegas Finance

Feb 28 2018

PeoplesBank – Mortgages – Home Equity Rates, home equity conversion mortgages.#Home #equity #conversion #mortgages


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Home Equity Rates

Home equity conversion mortgages

Home Equity Loans, Options and Rates

Rates are subject to change without notice.

Home Equity Line of Credit – Apply

Home Equity Loan – Apply

1 The Annual Percentage Rate (APR) will be fixed for the initial interest rate period and may vary monthly thereafter, and will be based on the highest prime rate published in the Wall Street Journal, and shall be adjusted on the first business day of each monthly statement cycle to Prime + 0%.

The maximum APR is 17%. Maximum loan to value is 80%. A termination fee of $400 will be charged if the equity line of credit is terminated by you within the first three years after the date of agreement. Property insurance is required. Minimum line amount is $10,000. Maximum line amount is $500,000. No closing costs. As of 06/15/2017, the prime rate is 4.25%

2 The Annual Percentage Rate (APR) will be fixed for the initial interest rate period and may vary monthly thereafter, and will be based on the highest prime rate published in the Wall Street Journal, and shall be adjusted on the first business day of each monthly statement cycle to Prime + .50%.

The maximum APR is 17%. Maximum loan to value is 90%. A termination fee of $400 will be charged if the equity line of credit is terminated by you within the first three years after the date of agreement. Property insurance is required. Minimum line amount is $10,000. Maximum line amount is $500,000. No closing costs. As of 06/15/2017, the prime rate is 4.25%

3 Fixed Rate, Fixed Term Loans are an option of our Home Equity Line program. The Annual Percentage Rate (APR) will be based on the most recent monthly Effective Rate as published by the Federal Housing Finance Board (FHFB). The Interest Rate will be rounded to the nearest 1/8 of 1% plus a margin of 0.0% for a five (5) year term; 0.50% for a ten (10) year term; and 1.0% for a fifteen (15) year term. The minimum APR is 4.00%. The maximum APR is 17%. Minimum conversion amount is $5,000. As of 8/29/17, the Effective Rate as published by FHFB is 4.14%.

4 The Energy Efficiency Home Equity loan offers % off our standard Home Equity loan rates when at least 50% of the funds is used for the purpose of improvements designed to minimize the home s environmental impact. You will be required to show documentation of the project highlighting the energy efficiency improvement.

Rates are subject to change without notice.


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