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| <!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN"> | |
| <html> | |
| <head> | |
| <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1"> | |
| <meta name="GENERATOR" content="Microsoft FrontPage 3.0"> | |
| <title>Equity Loan Products</title> | |
| </head> | |
| <body bgcolor="#FFFFFF"> | |
| <p align="center"><img src="images/stname.gif" WIDTH="400" HEIGHT="58"></p> | |
| <p align="center"><img src="images/stan1.gif" WIDTH="350" HEIGHT="151"></p> | |
| <div align="center"><center> | |
| <table border="0" cellpadding="4" cellspacing="4" width="85%"> | |
| <tr> | |
| <td width="50%"><a href="#HOME EQUITY LOAN"><font color="#0000FF" size="2" face="Futura"><strong>HOME | |
| EQUITY LOAN</strong></font></a></td> | |
| <td align="right" width="50%"><a href="#HOME EQUITY LINE OF CREDIT"><font color="#0000FF" size="2" face="Futura"><strong>HOME EQUITY LINE OF CREDIT</strong></font></a></td> | |
| </tr> | |
| </table> | |
| </center></div> | |
| <p align="center"><font color="#0000FF" size="5" face="Futura"><strong><img src="images/colorbar.gif" WIDTH="600" HEIGHT="1"></strong></font></p> | |
| <p align="center"><a name="HOME EQUITY LOAN"><font color="#0000FF" size="5" face="Futura"><strong>HOME | |
| EQUITY LOAN</strong></font></a></p> | |
| <p align="center"><font size="2"><strong>This is a fixed rate/term loan on your home. We | |
| will loan up to 80% of the appraised value of the property less the first mortgage.<br> | |
| The terms are five to fifteen years. The same fees apply as for an Equity Line of Credit. </strong></font></p> | |
| <p align="center"><font color="#000000" size="4"><strong>Closing costs:</strong></font></p> | |
| <div align="center"><center> | |
| <table border="2" cellpadding="2" cellspacing="4" width="51%" height="76"> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0" height="15"><font color="#0000FF" size="2"><strong>Legal | |
| Fees</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080" height="15"><font color="#400040" size="2"><strong>$125.00</strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0" height="15"><font color="#0000FF" size="2"><strong>Registry | |
| Recording (estimated)</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080" height="15"><font color="#400040" size="2"><strong>25.00 | |
| </strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0" height="16"><font color="#0000FF" size="2"><strong>Flood | |
| Determination Certificate</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080" height="16"><font color="#400040" size="2"><strong>25.00 | |
| </strong></font></td> | |
| </tr> | |
| </table> | |
| </center></div> | |
| <p align="center"><font color="#000000" size="4"><strong>Example:</strong></font></p> | |
| <div align="center"><center> | |
| <table border="2" cellpadding="2" cellspacing="3" width="80%"> | |
| <tr> | |
| <td align="right" bgcolor="#C0C0C0"> </td> | |
| <td bgcolor="#800000"><p align="center"><font size="2" color="#FFFFFF"><strong>Total Loan: | |
| $15,000.00</strong></font></td> | |
| <td bgcolor="#C0C0C0"> </td> | |
| </tr> | |
| <tr> | |
| <td align="center" bgcolor="#C0C0C0"><strong><font color="#800040" size="2">Five Year Term</font></strong></td> | |
| <td align="center" bgcolor="#C0C0C0"><strong><font color="#800040" size="2">Ten Year Term</font></strong></td> | |
| <td align="center" bgcolor="#C0C0C0"><strong><font color="#800040" size="2">Fifteen Year | |
| Term</font></strong></td> | |
| </tr> | |
| <tr> | |
| <td align="center" bgcolor="#808080"><font size="2" color="#FFFFFF"><strong>$304.15 per | |
| Month - Fixed</strong></font></td> | |
| <td align="center" bgcolor="#808080"><font size="2" color="#FFFFFF"><strong>$185.98 per | |
| Month - Fixed</strong></font></td> | |
| <td align="center" bgcolor="#808080"><font size="2" color="#FFFFFF"><strong>$152.14 per | |
| Month - Fixed</strong></font></td> | |
| </tr> | |
| </table> | |
| </center></div> | |
| <p align="center"><font color="#0000FF" face="Futura" size="3"><a href="loanrate.htm#Home Equity Loans"><strong>View Rates</strong></a></font></p> | |
| <p align="center"><font color="#0000FF" face="Futura"><strong>For more information, e-mail | |
| the credit union at <a href="mailto:equity@stannecu.org">equity@stannecu.org</a><br> | |
| and be the first to get an application</strong></font></p> | |
| <p align="center"><font color="#0000FF" size="5" face="Futura"><strong><img src="images/colorbar.gif" WIDTH="600" HEIGHT="1"></strong></font></p> | |
| <p align="center"><a name="HOME EQUITY LINE OF CREDIT"><font color="#0000FF" size="5" face="Futura"><strong>HOME EQUITY LINE OF CREDIT</strong></font></a></p> | |
| <p align="center"><font color="#800040" size="6">7.75% APR<br> | |
| </font></p> | |
| <p align="center"><font size="2"><strong>Prime is presently 7.75%.<br> | |
| We will loan up to 80% of the appraised value of the property less the first mortgage.<br> | |
| We will use the real estate tax bill for value, or conduct an appraisal at a cost of | |
| $125.00.<br> | |
| The same fees apply as for an Equity Loan. </strong></font></p> | |
| <p align="center"><font color="#000000" size="4"><strong>Closing costs:</strong></font></p> | |
| <div align="center"><center> | |
| <table border="2" cellpadding="2" cellspacing="4" width="50%"> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Legal Fees</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080"><font color="#400040" size="2"><strong>$125.00</strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Registry | |
| Recording (estimated)</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080"><font color="#400040" size="2"><strong>25.00 | |
| </strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Flood | |
| Determination Certificate</strong></font></td> | |
| <td align="right" width="25%" bgcolor="#808080"><font color="#400040" size="2"><strong>25.00 | |
| </strong></font></td> | |
| </tr> | |
| </table> | |
| </center></div> | |
| <p align="center"><font color="#000000" size="4"><strong>Example:</strong></font></p> | |
| <div align="center"><center> | |
| <table border="2" cellpadding="2" cellspacing="3" width="75%"> | |
| <tr> | |
| <td width="75%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Total Line of | |
| Credit Approved</strong></font></td> | |
| <td align="right" width="20%" bgcolor="#808080"><font color="#400040" size="2"><strong>$25,000.00</strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Total Advanced | |
| Balance (Amount Owed)</strong></font></td> | |
| <td align="right" width="20%" bgcolor="#808080"><font color="#400040" size="2"><strong>$10,000.00</strong></font></td> | |
| </tr> | |
| <tr> | |
| <td colspan="2" bgcolor="#808080"> </td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Interest Payment | |
| ((Total Advanced x 7.75%)/12)</strong></font></td> | |
| <td align="right" width="20%" bgcolor="#808080"><font color="#400040" size="2"><strong>$64.58</strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Principal Payment | |
| (Total Advanced x 1%)</strong></font></td> | |
| <td align="right" width="20%" bgcolor="#808080"><font color="#400040" size="2"><strong><u>100.00</u></strong></font></td> | |
| </tr> | |
| <tr> | |
| <td width="50%" bgcolor="#C0C0C0"><font color="#0000FF" size="2"><strong>Total Monthly | |
| Payment</strong></font></td> | |
| <td align="right" width="20%" bgcolor="#808080"><font color="#400040" size="2"><strong>$164.58</strong></font></td> | |
| </tr> | |
| </table> | |
| </center></div> | |
| <p align="center"><a href="loanrate.htm#HELOC"><font size="2" face="Futura"><strong>View | |
| Rates</strong></font></a></p> | |
| <p align="center"><font color="#0000FF" face="Futura"><strong>For more information, e-mail | |
| the credit union at <a href="mailto:heloc@stannecu.org">heloc@stannecu.org</a><br> | |
| and be the first to get an application</strong></font></p> | |
| <p align="center"><font color="#000040" face="Futura"><em><strong><img src="images/colorbar.gif" WIDTH="600" HEIGHT="1"></strong></em></font></p> | |
| <p align="center"><font color="#0000FF" face="Futura"><strong><img src="images/msic.gif" WIDTH="120" HEIGHT="69"><img src="images/lend.gif" WIDTH="178" HEIGHT="153"><img src="images/ncua1.gif" WIDTH="72" HEIGHT="24"></strong></font></p> | |
| <p align="center"><font color="#000040" face="Futura"><em><strong><img src="images/colorbar.gif" WIDTH="600" HEIGHT="1"></strong></em></font></p> | |
| <!--webbot bot="Include" u-include="footer.htm" tag="BODY" startspan --> | |
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| <p align="center"> </p> | |
| <p align="center"> </p> | |
| <div align="center"><center> | |
| <table border="0" cellpadding="0" cellspacing="0"> | |
| <tr> | |
| <td><font size="1"><strong>The Author is<br> | |
| a member of<br> | |
| </strong></font><img src="images/HWG.gif" align="top" WIDTH="64" HEIGHT="90"></td> | |
| <td><img src="images/sak_banner.gif" align="top" WIDTH="286" HEIGHT="101"></td> | |
| <td align="center" valign="top"><a href="mailto:wb1f@amsat.org"><img src="images/melweb4.gif" border="0" WIDTH="155" HEIGHT="97"></a><strong><br> | |
| </strong></td> | |
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