Home Equity Assumptions

Important Notices

• The interest rates and annual percentage rate (APRs) shown are subject to change without notice. The actual interest rate offered is based on your credit history, FICO Score, loan amount and the percentage of remaining equity in your home.
• Your APR will vary based on your final loan amount and actual finance charges.
• Consult your tax advisor about deductibility.
• Adequate homeowner’s insurance coverage is a requirement of this loan.
• Depending on your state, county and loan amount, a documentary stamp tax and / or intangible tax may apply and may range from $10 to $2,000. Some states and counties may require mortgage taxes to be paid at the time of closing and will be paid out of loan proceeds automatically. As an example, for a $50,000 loan, these taxes are estimated to range from $21 to $975 depending on the state.
• 80.01% LTV =+ .0025 to rate
• 85.01% LTV to 90% =+ .0050 to rate

The states of Massachusetts and Georgia have unique attorney fees to be paid by the borrowers, the fee is estimated to be $200 - $400.

An appraisal fee may be collected on Home Equity Loans and Lines of Credit if an automated appraisal cannot be done with a high level of confidence or where the loan request is $150,000 or more. The estimated cost of an appraisal may range from $150.00 to $1,000.00 . If it is paid by the applicant directly, you will not be charged for the appraisal at closing and it may be shown as "Paid Outside of Closing" (POC).