Current Home Equity Loan Rates by igu20390

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									                                                                                                                    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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