5 Year Adjustable HELOC
Home Equity Lines of Credit
Whatever the need, a Home Equity Line of Credit (HELOC) may be an available source of funds to help you realize your goals. With a HELOC, you control when, how much and even IF you borrow. There are no fees to apply for a Home Equity Line of Credit (HELOC) and you should receive a response within 72 hours.
Considering a Home Equity loan?
Contact our friendly, knowledgeable Home Equity Specialists! We are happy to answer your questions and help you find the right loan for your needs. Call 989-739-1401 today or Apply Now
When you're ready, we're here to help. Call 989-739-1401 today!
HELOC
| Type | Rate | APR* |
|---|---|---|
| 5 Yr Adj HELOC | 7.99% | |
| *APR = Annual Percentage Rate. This loan is adjustable and will reset every five years; the annual percentage rate may vary after the account is opened.. Published rate on date stated is subject to change without notice. Rate stated is “as low as” based on the 5 year T-bill and adjustments and restriction may apply, and not all borrowers may qualify. Minimum floor rate is 4.0%APR and maximum rate that may be imposed is 13.99%APR or the maximum allowed by law. Rate and APR advertised assumes the loan is for an owner occupied, primary or secondary residence, single family stick built home, with a refinance amount of $200,000, at 80% LTV with a FICO credit score of 700 or better, with a draw period of 5 years, and a repayment period of 15 years; assuming a $300.00 closing fee. Mortgage loan payment example assuming: A $200,000 loan amount on a primary home with 80% LTV, an excellent credit score, a 180 month repayment term and an initial rate of 7.99% APR. The monthly payments would be about $1,916.73 which does not include PMI premiums, property tax escrow amounts or other insurance premium amounts, which will increase your monthly payment obligation. | ||
**Disclosures
NMLS 463831
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