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Current Rates

Neighborly Advice

Home Equity



Variable Rate Home Equity Loans and Credit Lines
Type of Accounts Term in months. Finance up to APR Loan-to-Value (LTV) Ratio Minimum Draw Maximum Draw
Prime Advantage Capped Rate Home Equity Line of Credit * 10 year draw period/ 15 year payback period Prime - 1% for life of the line. Rate capped at 8.99% during initial draw period. Up to 80% LTV $25,000 $200,000
Prime Advantage Home Equity Line of Credit ** 10 year draw period/ 15 year payback period Introductory rate: Prime minus 1% for the first year (4.00%), then Prime plus 0% (Rate Adjusted Quarterly)** Up to 80% LTV None $200,000
Equity Plus Home Equity Loan*** 180 months 6.75% 81-90% LTV None $50,000
Equity Plus Home Equity Loan*** 180 months 7.75% 91-100% LTV None $50,000


Example: A $25,000 loan at 7.75% APR. 180 monthly payments of approximately $261.31. Total finance charge of approximately $19,396.70. Price includes credit protection.

 



Fixed Rate Home Equity Loans (LTV & APR)
Type of Accounts Term in months. Finance up to APR2 Loan-to-Value (LTV) Ratio Minimum Draw Maximum Draw
Real Smart Home Equity **** 60 months 5.90% Up to 80% LTV $10,000 $100,000
Real Smart Home Equity **** 61 - 120 months 6.40% Up to 80% LTV $10,000 $100,000
Real Smart Home Equity **** 121-180 months 6.90% up to 80% LTV $10,000 $100,000
Real Smart Home Equity **** 60 months 7.15% Up to 90% LTV $10,000 $100,000
Real Smart Home Equity **** 61 - 120 months 7.65% Up to 90% LTV $10,000 $100,000
Real Smart Home Equity **** 121-180 months 8.15% up to 90% LTV $10,000 $100,000
Real Smart Home Equity **** 60 months 9.15% Up to 100% LTV $10,000 $100,000
Real Smart Home Equity **** 61 - 120 months 9.65% Up to 100% LTV $10,000 $100,000


APR equals Annual Percentage Rate

Example: A $30,000 loan at 7.65% Annual Percentage Rate. 120 monthly payments of approximately $400.30. Total finance charge of $13,496.85.   Includes credit protection.

 

Effective date 05/01/2008