Rates accurate as of 6/1/2009
† Important Information on 5/30 Home Equity Loan
APR is fixed for the first five years of the loan and range from 6.49% APR to 12.49% APR. Rate for the first five years is determined by loan to value (LTV) and credit risk. After first five years, rates are determined using the same minimum and maximum and index as the important information listed below for Home Equity Lines of Credit. There is no Annual fee. There is a $300 Early Termination fee if the loan is paid off prior to 3 years from origination.
** Important Information on Home Equity Lines of Credit
Rate is variable, may change quarterly and is based on loan to value (LTV), credit risk and an index subject to a maximum lifetime APR of 15.00% and a minimum lifetime APR of 4.00%. Index used is the Wall Street Prime Rate as quoted on the 10th day before the end of the preceding quarter. Prime to Prime plus 5.0% for up to and including 80% LTV, currently 4.00% APR to 8.25% APR, Prime plus 1.0% to Prime plus 5.50% for up to and including 90% LTV, currently 4.25% APR to 8.75% APR, and Prime plus 2.0% to Prime plus 6.50% for up to and including 100% LTV, currently 5.25% APR to 9.75% APR. $25 Annual fee is waived the first year. There is a $300 Early Termination fee if line is paid off and closed prior to 3 years from origination.
Closing costs on equity loans and lines vary but typically range from $90 to $1050, of which up to $300 is waived by Columbia (excluding appraisal fees).
Membership required to borrow. All loans and lines subject to application and credit approval. Federally insured by the NCUA. Equal Housing Opportunity. |
