Home Equity Lines
Home Equity Lines of Credit and Second Trust Deeds
E1 Financial also offers loan options for
accessing the equity in your home. Use the
funds for anything from home improvement to
purchasing big-ticket items. With low
rates and possible tax deductions, these
loans also provide an ideal way to save money
by consolidating outstanding high-rate bills
from credit card companies and other lenders.
Whether you prefer a lump-sum loan or a revolving
credit line, come to us for competitive rates,
flexible repayment terms and superior service.
Home Equity Lines of Credit
- Loans available up to $300,0001
- No annual fee
- Adjustable rate, based on Prime Index
- 15-year repayment period
- Possible tax benefits – consult your tax advisor
- Available for primary residences in California, Nevada, and Arizona
- Special no-cost option for qualified members2
- Lifetime cap is 5% above start rate, maximum 2% per year, .50% per quarter
*The
lowest Annual Percentage Rate available. Rates,
terms and conditions are subject to change
without notice. Rate quoted effective 8/29/06.
**E1 Financial will pay for costs for loans up to
$100,000 with a minimum advance of $5,000
and minimum balance requirement of $2,500
for the first 18 months. E1 Financial will pay costs
for loans over $100,000 to $300,000 with a
minimum advance of $10,000 and a minimum balance
requirement of $7,500 for the first 18 months.
For example: estimated monthly payment at
8.25% APR on a $25,000 HELOC at 180 months
is $242.63. Early closure fees will apply if
balance drops below minimum requirements.
Terms and conditions are subject to change
without notice. All loans on approved credit.
Rates as low as 8.25%...call for details.
1 Loan-to-value over 80% maximum loan amount
is $50,000.
2 E1 Financial
will pay for costs for limits up to $100,000
with a minimum advance of $5,000 and minimum
loan balance requirement of $2,500 for the
first 18 months. E1 Financial will pay costs for loans
over $100,000 to $300,000 with a minimum advance
of $10,000 and a minimum loan balance requirement
of $7,500 for the first 18 months. Early closure
fees will apply if loan balance drops below
minimum requirements. Terms and conditions
are subject to change without notice.
Loan
protection insurance not included on second
trust deeds and home equity line of credit
loans.
