GREAT HOME EQUITY RATES...
Frontier Community Bank is offering some wonderful home equity rates for Line of Credit and Installment Loans. Please contact Seth Bokelman with any inquiries. He'll be glad to assist you with your needs.
Seth Bokelman
Tel - 540.932.9100
Eml - sbokelman@frontiercommunitybank.com
| Home Equity Installment Loans | ||||
Loan Term |
6 month introductory interest rate. |
Final Interest Rate |
APR* |
|
| 1 | 60 Months |
1.99% |
5.50% |
4.825% |
| 2 | 60 Months |
1.99% |
5.75% |
5.017% |
| 3 | 120 Months |
1.99% |
6.00% |
5.583% |
| 4 | 120 Months |
1.99% |
6.25% |
5.806% |
| *APR is annual percentage rate. APR will increase after consummation. Lender pays closing costs unless an appraisal is required. Third party fees are paid by the borrower if applicable. (Estimated appraisal fees range from $150.00 - $500.00) A pre-payment penalty applies as follows: Year 1 - 2% of initial installment loan balance; Year 2 - 1% of initial installment loan balance. Subsequent years - no penalty. Automatic loan payment from a Frontier Community Bank deposit account is required to receive the promotional rate. ** Repayment terms vary depending on loan term and rates as listed below. The following payment amounts do not include taxes and insurance. The actual payment obligation will be greater. Special # 1 : For the initial discounted period of 6 months at the rate of 1.99%, principal and interest payments would be approximately $17.52 per month for every $1,000.00 borrowed. For the remaining 54 months at the rate of 5.50%, monthly principal and interest payments would be approximately $18.95 for every $1,000.00 borrowed. Special # 2 : For the initial discounted period of 6 months at the rate of 1.99%, principal and interest payments would be approximately $17.52 per month for every $1,000.00 borrowed. For the remaining 54 months at the rate of 5.75%, monthly principal and interest payments would be approximately $19.05 for every $1,000.00 borrowed. Special # 3 : For the initial discounted period of 6 months at the rate of 1.99%, principal and interest payments would be approximately $9.20 per month for every $1,000.00 borrowed. For the remaining 114 months at the rate of 6.00%, monthly principal and interest payments would be approximately $11.01 for every $1,000.00 borrowed. Special # 4 : For the initial discounted period of 6 months at the rate of 1.99%, principal and interest payments would be approximately $9.20 per month for every $1,000.00 borrowed. For the remaining 114 months at the rate of 6.25%, monthly principal and interest payments would be approximately $11.13 for every $1,000.00 borrowed. Property insurance is required. Promotion Period is valid from September 8, 2009 to December 8, 2009 |
||||
| Home Equity Line of Credit | ||||
6 month introductory APR* |
Final APR* |
Interest Rate Floor |
Maximim Interest Rate |
|
| 1 | 1.99% |
WSJP - 0.50% (Current WSJP Rate is 3.25%) |
4.50% |
18.00% |
| 2 | 1.99% |
WSJP - 0.25% (Current WSJP Rate is 3.25%) |
4.75% |
18.00% |
| *APR is annual percentage rate. The final APR is based on the Prime Index as published in the Wall Street Journal and is subject to change based on the value of the Prime Index. APR will increase after consummation. Lender pays closing costs unless an appraisal is required. Third party appraisal fees are paid by the borrower if applicable. (Estimated appraisal fees range from $150.00 - $500.00) A pre-payment penalty applies as follows: Year 1 - 2% of maximum availability of the line of credit. Year 2 - 1% of maximum availability of the line of credit. Subsequent years - no penalty. Automatic loan payment from a Frontier Community Bank deposit account is required to receive the promotional rate. Property insurance is required. Home Equity Promotion Period is valid from September 8, 2009 to December 8, 2009 | ||||
