July 2009 Home Equity Loans May Be The Answer Current Loan Rates Vehicle Loans (Cars, Trucks, & Vans) Want to add a nice deck to your house, remodel the inside, or build a new garage? Finance up to 100% of purchase price Not sure where to get the money? We have a home equity loan that could help you. Make your home go to work for you and benefit from the equity you’ve built up in your 2007 & newer models home. Home equity credit can also help you buy a new car, pay for tuition, or consoli- Up to 60 months- as low as 5.24% APR* date debt. Also, the interest on your home equity loan may be tax deductible (consult your tax advisor). 2004, 2005, 2006 models Up to 24 months- as low as 5.39% APR* Adjustable Rate Home Equity Line of Credit (PRIME MINUS 1/2) Up to 36 months- as low as 5.49% APR* You can establish a line of credit based on the equity in your home from as little as Up to 48 months- as low as 5.59% APR* $10,000 to a maximum of $200,000 on qualified dwellings. Our variable rate home equity line of credit rate is .50% below prime and can adjust on the first day of each 2002, 2003 models calendar quarter. There is a minimum A.P.R. of 4.25% and a maximum APR of 15%. Up to 36 months- as low as 6.74% APR* Up to 48 months- as low as 6.99% APR* Don’t know exactly how much you’ll need for a home improvement project? That’s all right! There is no minimum advance requirement and you can borrow up to your ap- 1999 and older models proved limit. Just call us and we’ll deposit the money into your account. Up tp 48 months- as low as 8.74% APR* Fixed Rate Home Equity Loan Motor Home and Self Contained Our fixed rate home equity loan can be set up as either a closed-end or open-end Travel Trailer Loans loan, depending on your future borrowing needs. We can consider up to 100% of the 0-60 months......................call for rates* market value of your home. The rate will be fixed for the life of the loan. 61-120 months- as low as 9.24% APR* 121-180 months- as low as 9.74% APR* Contact our loan department for additional information. Home Equity Loans 1/2% Below Prime Mortgage Loans.............call for rates Revolving Credit All other unsecured loans Up to 36 months..............12.00% APR* VISA, VISA Platinum or MasterCard No annual fee, 25 day interest-free grace period on purchases. Call for rates. *Rates based on credit score. Loans subject to credit approval. ~Rates subject to change. ~Rates shown are for automatic trans- fers or payroll deductions. ~Minimum monthly payment for any loan is $30. ~Rates effective 6/23/09. ~New Loans Only. Senior Lifestyles Mortgage Q/A How do I get a reliable mortgage rate quote? Most of the experts tell you to “shop around”, but no one re- ally tells you how to get that reliable quote. Without knowing the details of loan pricing and lock-in periods, calling a lender can often provide you with some useless information. If you simply call up and ask for interest rates lenders can tell you just about anything to get the business. One can quote you a rate with three points, one could quote you with two Meetings points. There can be different rates for different time frames, The Senior’s Club breakfast meetings are held on the second for example a 45 day lock versus a 60 day lock. If you call Wednesday of every month at 9:30 a.m. at the Country Kitch- lenders on different days, you could get widely different en located at 5030 NE 14th street, just north of I-35/80. quotes, because rates don’t stay the same every day. If you would like to be on a calling list for meetings or have questions regarding CCCUS (Community Choice Credit Union When you call a lender to shop for rates, you have to know Seniors), please call Harold Poore at 263-0692. at least two things, how many points you are willing to pay and how long you need the rate lock to be. It is important Calendar of Events when getting the information from different lenders that you Wednesday, July 9, 2009 use the same parameters and that you get your quotes on Anne Peters the same day. Be careful when trusting newspaper, radio, Home Instead Senior Care or television ads. These ads are placed in advance and the rates may not be reliable. Wednesday, August 12, 2009 Marva McCarty Again, the best way for you to shop for rates is to make your Who Gets Grandma’s Yellow Pie Plate? calls the same day and choose the exact same parameters when shopping for those rates. When you are all done, Wednesday, September 9, 2009 compare your notes and pick your lender. Jerry Conley SHIP, Medicare Update To talk to one of our Mortgage Loan Officers call 515.334.8119.
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