TCT Federal Credit Union| Home Equity Line of Credit | |
| Premier Plan* | Preferred Plan* |
| 4.00%(APR) | 6.00%(APR) |
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*Variable rate ~ Your individual credit qualifications will determine your plan and rate
Current Prime Rate as of 5/17/2010 is 3.25%
TCT reserves the right to hold the rate at 6.00%. If we agree to adjust the rate below 6.00%, that does not require us to continue to maintain that agreement, if prime rate continues to be lower than 6.00%. Regardless the rate will not rise more than 2% per year.
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Home Equity
Fixed Rate Loans Maximum Loan to Value 80% * Requires 50% or more of new funds (Funds not currently financed at TCT) |
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| Term |
Rates
(as
low as) *1st - Lien Holder Position |
Rates
(as
low as) *2nd - Lien Holder Position |
Rates
(as low as) (No new funds requirement) |
| 5
Years (60 Month) 10 Year (120 Month) 15 Year (180 Month) |
3.99% (Monthly payment per $1,000 - $18.41) 4.50% (Monthly payment per $1,000 - $10.36) 4.75% (Monthly payment per $1,000 - $7.77) |
4.99% (Monthly payment per $1,000 - $18.86) 5.50% (Monthly payment per $1,0000 - $10.85) 5.99% (Monthly payment per $1,000 - $7.90) |
5.35% (Monthly payment per $1,000 - $19.03) 6.00% (Montly payment per $1,000 - $11.10) 6.55% (Monthly payment per $1,000 - $8.73) |
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Max Home Equity
Fixed Rate Loan (Loan to value 80.01% - 90%) |
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| Term | Rates (as low as ) | ||
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5 Year (60 Month) 10 Year (120 Month) 15 Year (180 Month)** |
6.50% (Monthly payment per $1,000 - $19.56) 7.15% (Monthly payment per $1,000 - $11.68) 7.50%** (Monthly payment per $1,000 - $9.27) |
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| **Eligible borrowers between the premier plus and preferred plus qualify for the maximum term of 15 years for the max home equity. | |||
| Important Facts |
| APR= Annual Percentage Rate, Interest rates are quoted using a range from the Minimum APR to the Maximum APR, your individual credit qualifications will determine rate and term within the respectable ranges. |
Rates are subject to change without prior notice and are accurate as of May 17, 2010.
This credit union is federally insured by the National Credit Union Administration.
Loans granted to members only, contact us for membership eligibility requirements.