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MIDFLORIDA | Home Equity Line of Credit
The variable Annual Percentage Rate (APR) for a new home equity line of credit is based on The Wall Street Journal Prime Rate plus a margin and will vary with the Prime Rate but will not exceed 18%.
Home equity line of credit monthly payment example
Variable annual percentage rate (APR)
This monthly payment example assumes full utilization of the line.
Related topics : line of credit home equity rates / line of credit home equity loan rates / loan calculator home equity line of credit / line of credit home equity loan / line of credit home equity calculator
MIDFLORIDA | Home Equity Term
The sample Annual Percentage Rate (APR) and monthly payment example shown in the table above are for illustrative purposes only and assume a new home equity loan in second lien position on a owner-occupied primary residence, a 5-year term and a borrower with excellent credit.
The minimum loan amount is $10,000.
Rate and payment amount may vary based on property value, loan amount and other factors. Your actual rate and payment amount may be higher or lower than advertised rate and payment amount.
Property insurance is required and flood insuranceis required where necessary.
To open a home...