Home Equity Loan
| Terms | Maximum Amount** | Rate | APR* |
|---|---|---|---|
| 120 Months | 85% of Appraised Value | 5.625% | 5.625% |
*Annual Percentage Rate
** Maximum loan amount not to exceed 85% of appraised value only when cfsbank is the senior lien. Maximum loan amount not to exceed 80% of appraised value when another lender is senior lien.
Closed End Home Equity Loan at a fixed Annual Percentage Rate (APR) for the term of the loan.
Monthly payment example: 120 Monthly Payments of $10.91 per $1,000.00 borrowed at a Fixed 5.625% Interest Rate and a corresponding 5.625%APR. Payment does not include taxes and insurance. Requires $25,000.00 of new borrowings. All fees, for loan amounts up to $250,000.00, will be waived as long as loan stays open for 3 Years. Promotion may be cancelled at any time. *(Requires auto payment from a cfsbank checking account) Other rates/terms are available.