Mortgage and Home Equity Rates
Rates as of August 25, 2008
Home Equity Lines of Credit
| Home Equity Line of Credit Special | Prime -1.0%* (new line with a $50,000 minimum) |
| Home Equity Line of Credit Special | 3.99% APR** (through 12/31/2008 then Prime -.50%) |
Home Equity Loan Rates
| Home Equity Fixed Rate Special! New! | Annual Percentage Rate | Monthly Payment Per $1,000 | |
| Amount | Based On | ||
| 5 years or less, $10,000 minimum**** | 5.49% | $19.10 | 5 years |
| 6 to 10, $10,000 minimum**** | 6.49% | $11.35 | 10 years |
| 11 to15, $10,000 minimum**** | 6.49% | $8.71 | 15 years |
| 16 to 20, $10,000 minimum**** | 6.99% | $7.75 | 20 years |
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*The interest rate will be set on the first day of each month at 1.00% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The current rate would be 4.00% with a periodic rate of .01096%. There is a 10 year draw, 10 year repayment. Maximum 80% loan to value ratio. Maximum rate 18% and the minimum rate would be 4%. Minimum line amount is $50,000. An annual fee of $30 will be waived if the borrower has the monthly payment paid automatically from a WCU checking account.. Offer applies only to new lines on owner-occupied primary residence. Homeowners insurance required. $350 early termination fee will be charged if discharged in the first two years. Offer may be withdrawn without notice. Workers' Credit Union membership required. Subject to our normal credit requirements.
**An introductory rate of 3.99% APR until December 31, 2008 with a periodic rate of .01093%. Thereafter, the Annual Percentage Rate (APR) will be set on the first business day of each month at .50% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month (the current APR would be 4.50% - periodic rate = 0.1233%). 10 year draw, 10 year repayment. Maximum 80% loan to value ratio. Maximum rate is 18%. Minimum rate is 4%. Minimum Line amount is $10,000. Annual fee of $30.00 will be waived if borrower has monthly payment automatically withdrawn from a Workers' Credit Union checking account. Offer applies only to new lines only on owner-occupied primary residence. Homeowners insurance required. $350 early termination fee will be charged if discharged in the first two years. Offer may be withdrawn without notice. Workers' Credit Union membership required. Subject to our normal credit requirements.
****Annual Percentage Rate (APR) includes a 0.5% discount for automatic electronic loan payments from any Workers' Credit Union Checking Account. Rates subject to change without notice. Maximum 80% loan to value ratio. Offer applies only to new loans only on owner-occupied primary residence. Homeowners insurance required. Offer may be withdrawn without notice. Workers' Credit Union membership required. Subject to our normal credit requirements. For Home Equity Lines or Loans greater than 80% Combined Loan to Value (LTV) and up to 95% Combined Loan to Value, please contact the Credit Union for further details.
Mortgage Rates
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