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Rates
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Home Equity Loans
| Product |
Term |
Loan to Value |
APR |
Minimum |
Maximum |
Monthly Payment per $1000. Borrowed |
| Home Equity Loan |
10 years |
Less than or Equal to 80% |
5.74% |
$25,000 |
$250,000 |
$10.97 |
| Home Equity Loan |
15 years |
Less than or Equal to 80% |
5.74% |
$25,000 |
$250,000 |
$8.30 |
| Home Equity Loan |
20 years |
Less than or Equal to 80% |
5.99% |
$25,000 |
$250,000 |
$7.16 |
| Home Equity Loan |
30 years |
Less than or Equal to 80% |
5.99% |
$25,000 |
$250,000 |
$5.99 |
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Offer available on single family, owner occupied residences in R.I. Not available for homes to be sold in the next six months. Rates offered with automatic deduction from a companion Independence Bank checking account. Rate is available for first mortgages only. Please call for rates on second mortgages. Maximum loan to value ratio 80%. Maximum loan to value for 2nd liens 75%. Property insurance coverage required. Trust review fee may apply. Subject to credit approval. Minimum credit score required. Annual Percentage Rates, terms and offer are subject to change at any time. APRs are current as of 10/19/2007.
Contact Us for other great loan products!
consumerloans@independence-bank.com
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Equal Housing Lender, Member FDIC