Choose the loan that’s right for you.
Remodel your kitchen. Build an addition. Or consolidate your debt. These loans offer competitive rates and a chance to achieve whatever goals you have in mind.
Home Equity Loan
|60 Months||85% of Appraised Value||7.000%*||7.000%*|
|84 Months||85% of Appraised Value||7.125%*||7.125%*|
|120 Months||85% of Appraised Value||7.375%*||7.375%*|
|180 Months||85% of Appraised Value||7.625%||7.625%|
|240 Months||85% of Appraised Value||7.875%||7.875%|
*Rate requires $10,000 new money borrowed and auto pay from a cfsbank Checking Account for 60, 84 and 120 months term only.
**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 the senior lien.
Above APR assumes a $100,000 loan amount for term stated. Monthly payment example: 240 monthly payments of $8.29 per $1,000 borrowed at 7.875% Interest Rate with a corresponding 7.875% APR. The above payment example does not include payment for taxes and property insurance and the actual payment obligation will be greater. Other rates and terms available.
|Term||Minimum Amount||Maximum Amount**||Rate||APR*|
|240 Months||$10,000||85% of Appraised Value||8.24%||8.24%|
* 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 the senior lien.
Monthly Payment Example: If you made only the minimum monthly payment and took no other credit advances, it would take 20 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 8.24%. During the draw period, you would make 120 monthly payments of $68.67. During the repayment period, you would make 119 monthly payments of $122.60, followed by a final payment of the entire balance of principal and interest. This payment example does not include the amount of taxes, insurance, etc. (escrow account).