- Two different types of lines of credit to choose from; Fixed
Rate or Variable Rate
- Borrow up to $250,000
- No application fee
- No prepayment penalty
- 1-to 4-family, CT owner-occupied, primary residence
- Maximum loan is 80% of collateral value less first mortgage
- Interest may be tax deductible (check with your tax advisor)
- Nominal filing fee
- Current Annual Percentage Rate (APR) is 7.00% for the life
of the loan (Interest Rate subject to change without notice)
- Five Year Draw Period during which the monthly billing is
for Interest Only
- After the Five Year Draw Period the monthly payment will
be 1/180 principal outstanding or $100.00, whichever is greater
plus interest
- Current Annual Percentage Rate (APR) is 5.00%. (Maximum
Rate 16.0%)
- (Interest Rate subject to change without notice)
Rate varies monthly with Prime Rate (index) as published in
the Wall Street Journal
- Ten Year Draw Period
- Monthly payment will be 1/240 principal outstanding or $100.00,
whichever is greater plus interest.
(Interest Rate subject to change without notice)
Try one of our Financial Calculators to assist you in determining financing and payment options, and even compare loan rates easily!
For more information, visit one of our
branches, call 1-800-222-0194, ext. 1332 or 1336, or click
on this link to e-mail our Consumer
Loan Department.
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