HOME
EQUITY LOANS
Do you need a
new Roof?
Then you need
a
METRO Home Equity Loan....
|
Annual Percentage Rate |
Type |
Loan Amount
|
Loan Term |
|
5.50%
APR |
Variable Rate |
$25,000 to $150,000 |
15 Years |
|
5.75%
APR |
Fixed Rate |
up to $50,000 |
5 Years |
|
6.25%
APR |
Fixed Rate |
up to
$75,000 |
7 Years |
|
CALL 847/670-0459 FOR AN
APPLICATION or
click here to download a
Home
Equity Application Home
Equity Disclosure
|
|
HOME
EQUITY LOAN |
Line-of-Credit |
FIXED
RATE |
|
Rate Changes |
Jan 1 & July 1 |
Fixed |
|
Maximum Loan Term |
15 Years |
up to 7 Years |
|
Loan Advances |
"Open End"
Multiple
Advances |
"Closed End"
Single
advance at closing |
|
Minimum Loan Amount |
$25,000 |
$25,000 |
|
Maximum Loan Amount |
$150,000 |
$60,000 |
|
Maximum Loan-to-Value |
90% |
90% |
|
Application / Appraisal
/Closing Fee |
$300 |
$300 |
|
|
|
Illinois Properties
only. Must be member’s primary residence.
Multi-Family (2-4 units), eligible at higher rate
and additional costs. *Rate is indexed to prime rate
and is subject to change until loan is disbursed.
Home Equity Loans with Higher Loan-To-Value (LTV)
ratios, may be available at a premium. The
application / appraisal fee is non-refundable,
additional fees may be assessed for properties
outside surrounding counties. If the Equity Loan is
paid off before the first anniversary of the closing
date you agree to reimburse all the closing costs
and fees incurred by METRO Federal Credit Union.
This offer does not apply to current METRO loans.
Call (847) 670-0456 for complete details.
The Prime Interest Rate is 3.25%,
as published in the Wall Street Journal 12/18/08.
|
We
have Great
Home Equity Loans. You can Borrow
up to 90% of
your homes value.
Call me at
847-670-0459,
I can go over the details with you.
Kasey,
Loan Coordinator
|
