Home Personal Personal Loans Spring 2022 Home Equity Specials

Spring 2022 Home Equity Special

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Galesburg Main Street Office 

Galesburg Henderson Street Office  

Galesburg Seminary Square Office   

Brimfield Office    

Monmouth Office

 

*For both Home Equity Loans and Home Equity Credit Lines: Loans over $100,001 require title insurance at borrower's expense. Certified appraisals typically cost $400. Special only applies to new loans, refinances not eligible unless $5,000 in new money is advanced. Subject to a credit application and credit approval. Homeowner’s insurance is required. Offer may be withdrawn without notice. Consult a tax advisor regarding the deductibility of interest.


For Home Equity Loans: The Annual Percentage Rate (APR) is effective May 20, 2022 and varies from 5.35% APR to 7.59% APR, based on your loan-to-value ratio and creditworthiness. The loan term is 62 months. Loan payment example: a $10,000 Home Equity Loan at a 5.35% interest rate for 62 months will have a 5.353% APR and a monthly payment of $184.98.

For Home Equity Credit Line: The Annual Percentage Rate (APR) is effective May 20, 2022, varies on a quarterly basis, and will range from the Prime Rate as published in the Wall Street Journal (“Prime”) to Prime plus 2.50% based on your loan-to-value ratio and creditworthiness. As of May 20, 2022 Prime was 4.00%. The maximum APR will not exceed 21% and will not be less than 3.99%. Monthly payments are interest only. Payment of interest only would result in a balloon payment at the end of your loan. Loans are subject to credit approval and a minimum initial advance of $5,000. A fixed interest rate is available and varies from 5.49% to 7.99% APR, based on your loan-to-value ratio and creditworthiness. The fixed rate is effective May 20, 2022. The line of credit term is 60 months. The annual fee is $50, which is waived the first year.