Home Equity Loan Current Rates - Northfield Savings Bank, Vermont - home equity line of credit rates, Vermont bank

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The Home Equity Loan is a fixed-rate loan - your interest rate and your payment stay the same for the life of your loan. The loan can be written with a repayment schedule from 6-15 years, and it's secured by a mortgage on your home.

	Closed Term - Primary Residence and Second Home
	Line of Credit - Primary Residence and Second Home
	Closed Term - 1 to 4 Family Investment Property
	Line of Credit - 1 to 4 Family Investment Property

Closed Term - Primary Residence and Second Home

The Home Equity Loan is a fixed-rate loan - your interest rate and your payment stay the same for the life of your loan. The loan can be written with a repayment schedule from 6-20 years, and it's secured by a mortgage on your home.

Rates posted 5/14/2008, but may change at any time.

Type	LTV	Payment Period (Years)	APR	Monthly Payment per $1000 Borrowed
Fixed	< 90%	6	5.75%	$16.46
Fixed	< 90%	10	5.95%	$11.08
Fixed	< 90%	15	6.25%	$8.57
Fixed	< 90%	20	6.50%	$7.46

Line of Credit - Primary Residence and Second Home

The Home Equity Line of Credit product has an adjustable rate feature. The Annual Percentage Rate is based on the Prime Rate, as published in the Wall Street Journal Money Rate section, and may adjust monthly. The maximum Annual Percentage Rate that may apply within the life of the loan is 18%. Our Line of Credit offers a 12-year draw period and a 15-year repayment period after your draw period expires.

Rates posted 5/14/2008, but may change at any time.

Type	LTV	Payment Period (Years)	APR	Monthly Payment per $1000 Borrowed
Line of Credit	<= 80%	27	Prime - 0.25% (4.75%)
Line of Credit	< 90%	27	Prime (5.00%)

Closed Term - 1 to 4 Family Investment Property

The Home Equity Loan is a fixed-rate loan - your interest rate and your payment stay the same for the life of your loan. The loan can be written with a repayment schedule from 6-20 years, and it's secured by a mortgage on your 1 to 4 family investment property.

Rates posted 5/14/2008, but may change at any time.

Type	LTV	Payment Period (Years)	APR	Monthly Payment per $1000 Borrowed
Fixed	<= 85%	6	6.75%	$16.93
Fixed	<= 85%	10	7.00%	$11.61
Fixed	<= 85%	15	7.25%	$9.13
Fixed	<= 85%	20	7.50%	$8.06

Line of Credit - 1 to 4 Family Investment Property

The Home Equity Line of Credit product has an adjustable rate feature. The Annual Percentage Rate is based on the Prime Rate, as published in the Wall Street Journal Money Rate section, and may adjust monthly. The maximum Annual Percentage Rate that may apply within the life of the loan is 18%. Our Line of Credit offers a 12-year draw

Rates posted 5/14/2008, but may change at any time.

Type	LTV	Payment Period (Years)	APR	Monthly Payment per $1000 Borrowed
Line of Credit	<= 85%	27	Prime + 0.50% (5.50%)

Notes

These loans range from $10,000 and up. The application process is simple, please contact us for your home equity application packet or visit our Home Equity section to download an application.
These loans are available on primary residences, single family second homes and one to four family investment properties. You are required to maintain homeowner's insurance on the property.
An appraisal fee of up to $149.00 will be assessed if appraisal services are required. Please contact our lenders for more information. WAIVED
A title update fee of $150.00 may be assessed if the borrower delays the loan closing more than 15 days after NSB has obtained a complete title search.
The total amount of loans outstanding against your property (including your new NSB Home Equity loan) may be up to 85% to 90% of the appraised value of your property, depending on type.

Legend

APR:
Annual Percentage Rate

Equity:
The difference between the fair market value (appraised value) of the home and the outstanding mortgage balance.

LTV:
Loan to Value (Loan amount expressed as a percentage of purchase price or appraised value).

Prime = 5.000%
The Prime rate as quoted in the Wall Street Journal - Money Rate section.