riloans

Description

3.75% APR on a 5/5 adjustable rate loan is fixed for the first 60 months and then may change every five years. Available for qualifying properties, first lien position equity, with a loan-to-value (LTV) of 80% or less, and a maximum repayment period of 144 months. Max Adjust 1/2% within first 10 years. Lifetime Cap 1%. A minimum credit score of 675 is required for all borrowers. Advertised APR is lowest available (as of 9/22/10). Other rates and terms available. Applicable trust review fees apply. Property insurance (and flood insurance if applicable) required. Rate subject to change without notice. Account subject to individual approval. 1-4 family owner-occupied primary residence properties only. If a Home Equity Loan is paid in full within twelve (12) months of loan closing, a prepayment penalty will apply: RI - up to $250, but not to exceed 2% of the balance due at time of payoff; MA - remaining balance of first year's interest or amount equal to last 3 months interest, whichever is less. Existing Pawtucket Credit Union Spectrum Home Loans are not eligible for this promotion. Repayment example: $8.63 per $1,000 borrowed for initial 60 monthly payments, followed by $8.78 per $1,000 borrowed for remaining 84 month period. Interest rate and payments may increase or decrease every five years after initial 60 month period.

Products & services

Similar companies nearby