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Home Equity & Second Mortgages
This is not a loan commitment, rate and terms are subject to change without
notice. For more information regarding the following Mortgage programs,
check out the real estate section of the web site or contact American
First at 800/ 290-1112, Ext. 5092.
All Equity
Up to $150,000 and 80% LTV*
Not available in Georgia, Tennessee and Texas, 45 Day Rate Lock at Application.
Interest Rate is based on member's individual credit profile. Rates start as low as:
| Rate |
Points |
APR(1) |
Pmts(2) |
6.250%
|
0.000% |
6.629% |
8.78 |
Home Equity Line of Credit (HELOC) (3)
Up to $150,000 and 80% LTV*
Only available in Arizona, California, Idaho, Illinois, Nevada and Utah. Rate locked at Final Loan Docs. Interest
Rate is based on member's individual credit profile. Rates start as low as:
| Initial Rate APR(4)** |
Index |
Index Value |
Margin |
| 5.490% |
Prime |
3.250% |
0.000% |
|
| Indexed Rate APR(4) |
Points |
Max. Rate |
Pmts Factor(2) |
| 3.250% |
0.000% |
16.000% |
8.17 |
IMPORTANT:
Above rates and terms offered on OWNER OCCUPIED property.
NOTES:
The above rates require automatic payments, without automatic payments the rate will be increased by .25%
45 Day Rate Lock at Application
- APR based on $25,000 loan, includes 15 days prepaid interest and processing fee.
- Pmt. Factor: Loan amount divided by $1,000, multiply by pmt. factor to determine estimated monthly payment.
Example: $150,000 / $1,000 = 150 x $9.77 = $1,465.50 mo.
- Refer to the credit union Home Equity Line of Credit Discloser Notice for information regarding the HELOC program.
- APR based on $25,000 loan.
* LTV = Loan to Value. Maximum loan amount is based on the individual member's credit profile.
** The initial rate on the Home Equity Line of Credit is for 6 months.
APR = Annual Percentage Rate.
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