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RatesHome Equity LoansYou choose the home equity loan to suit your needs. If you are looking to consolidate debt, pay off another home equity line-of-credit, or want a one-time advance, then our fixed-rate home equity loan will be right for you. But, if you want to access your home equity loan for things like home improvement projects and tuition bills, consider our adjustable-rate home equity loan. Rates effective July 30, 2010| Account Type | Type | Rate | APR | Minimum Balance | Monthly Payment | Total Finance Charge | Total Payments | | | | 3 Year Fixed | Fixed Rate | 5.75% | 7.05% | $10,000.00 | $303.10 | $911.43 | $10,911.43 |  |  | | | 5 Year Fixed | Fixed Rate | 6.00% | 6.81% | $10,000.00 | $193.34 | $1600.28 | $11,600.28 |  |  | | | 7 Year Fixed | Fixed Rate | 6.50% | 7.10% | $10,000.00 | $148.51 | $2474.68 | $12,474.68 |  |  | | | 8 Yr Fixed > $25K | Fixed Rate | 4.85% | 5.80% | $25,000 | $314.73 | $5,214.08 | $30,214.08 | Limited Offer. Click for details.
|  |  | | | 10 Year Fixed < $25K | Fixed Rate | 7.25% | 7.69% | $10,000.00 | $117.43 | $4089.99 | $14,089.99 |  |  | | | 10 Year Fixed > $25K | Fixed Rate | 6.75% | 6.92% | $25,000.00 | $287.18 | 9,461.06 | $34,461.06 |  |  | | | 10 Year Line-of-Credit | Adjustable | Prime Rate + 0% | Prime Rate + 0% | $10,000 | Interest or minimum of $25, Balloon payment after 10 years. |
|  |  | *APR is the Annual Percentage Rate. NHFCU may lend to members only. Rates and terms are subject to change without notice. All loans are subject to credit requirements. Minimum loan amount $10,000. Members can finance up to 70% of appraised value or 75% if NHFCU holds first lien. Closing costs incurred and may vary based on lien position. Fees include: $90 origination charge, $11 life of loan flood certification, $35 doc prep, $55 underwriting. Loan rate discounts are not applicable to home equity loans. HELOC rate adjusts on the first day of the month based on Prime Rate plus 0 as published in the Wall Street Journal. Floor rate of 8.00% with a maximum rate of 18%.
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