Central Willamette Community Credit Union
Membership
Home Equity Loan Rate Schedule
EFFECTIVE: May 1, 2013
| Type | Rate |
|---|---|
Annual Percentage
| Annual Percentage Rate | Periodic Rate | |
|---|---|---|
The Periodic Rate and ANNUAL PERCENTAGE RATE (for fixed rate loans), or the margin added to the index to determine the ANNUAL PERCENTAGE RATE (for variable rate loans), that will apply to your account may be based on a number of criteria, including your employment and residential status, current debt ratio, and your past credit experience. The minimum Annual Percentage Rate that may apply over the life of the loan is 3%. The maximum ANNUAL PERCENTAGE RATE that may apply over the life of the loan is 21%. For a $10,000.00 credit line the aggregate Credit Union and third party fees are estimated to be $240.00 - $1,035.00.
Your ANNUAL PERCENTAGE RATE will be disclosed on the Funds Advance Voucher provided at the time your loan account is opened.
$50.00-Annual Fee will be charged on the first business day in January for the Max Line, Plus Line, Investor Line and Home Equity Line of Credit Fixed for Five Years.
$150.00 Subordination Fee
For Real Estate Loan rates, call (541)928-4536 or (800)950-4536 toll free.
A default Annual Percentage Rate of 21% will be applied to all Home Equity Loans that become 60 days past due. A notice will be sent 45 days prior to the default rate change. This default rate remains in effect until the loan has a positive repayment history for 180 days with no delinquency greater than 10 days.
The Credit Union may offer other rates in the future.
Membership requirements apply.
