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HOME EQUITY LOANS |
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FIXED RATE |
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Owner Occupied |
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No Application
Fee |
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Loan to Value Ratio of 80% or less. |
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MONTHLY PAYMENT |
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AMOUNT |
RATE |
APR |
TERM |
PER $1,000 |
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$5,000 - $24,999.99 |
6.250% |
6.270% |
60 months |
$19.45 |
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6.625% |
6.640% |
120 months |
$11.42 |
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7.000% |
7.010% |
180 months |
$8.99 |
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$25,000 - $100,000.00 |
5.750% |
5.770% |
60 months |
$19.22 |
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6.125% |
6.140% |
120 months |
$11.16 |
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6.375% |
6.380% |
180 months |
$8.64 |
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*APR based on a loan amount of $25,000.00 and flood
certification fee of $13.00. For second homes add 1% to the above rates. |
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FOR MORE
INFORMATION AND APPLICATIONS ONLINE CLICK HERE |
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HOME EQUITY LINE OF CREDIT |
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Primary Residence - Owner - Occupied |
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Interest Only
Line of Credit |
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No Application Fee |
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Maximum Loan to Value Ratio of 70.0% |
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APR |
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L.T.V. Ratio = 70.0%
or less, Margin = 0.00% |
5.00% |
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Index is the
"Wall Street Journal Prime Rate". Maximum Annual Percentage Rate of
18.0%. Annual fee is waived in the first year. $35.00 per year
thereafter. Prepayment penalty applies
in the first 3 years. The minimum payment each month will be equal to only
the interest during the borrowing period of 9 years and 8 months and then
will convert into a repayment period of 15 years. |
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PROPERTY INSURANCE IS REQUIRED |
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2% Product |
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No Application Fee |
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Maximum Loan to Value Ratio of 85.0% |
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APR |
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L.T.V. Ratio =
75.00% or less, Margin =0.00% |
5.00% |
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L.T.V. Ratio = 75.01% to 85.00%, Margin=1.50% |
6.50% |
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Index is the
"Wall Street Journal Prime Rate". Maximum Annual Percentage Rate of
18.0%. Annual fee is waived in the first year. $35.00 per year
thereafter. Prepayment penalty applies
in the first 3 years. The minimum payment each month is 2% of the outstanding
balance or a minimum of $100.00 plus interest and any fees. The maturity date
is approximately 9 years and 10 months. |
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PROPERTY INSURANCE IS REQUIRED |
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CT Prepayment Penalty: 1st 12 complete billing
cycles: $500.00. Next 12 complete billing cycles: $250.00. Next 12 complete
billing cycles: $50.00 |
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RI Prepayment Penalty: 1st 12 complete billing
cycles: 2.0% of balance due on date of Pay-off. |
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ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE. |
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SUBJECT TO CREDIT APPROVAL |
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| Member FDIC. Equal Housing
Lender. www.chelseagroton.com Rates
Effective 05/04/08 |
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