Home Equity Loans
|Adjustable Rate||5/1 ARM*||3.99%||5.193%|
|Variable Rate Home Equity Line of Credit (HELOC)||Current APR 5.32%**|
(Rates as of October 15, 2018)
APR = ANNUAL PERCENTAGE RATE. All rates are subject to change without notice. Rates disclosed are the lowest available based on a 1st lien position loan in the amount of $50,000. Actual rates may differ based upon on the type of loan, term of loan and member credit worthiness. All loan approvals are subject to Timberland FCU Lending Policies and Procedures. You should consult a tax adviser for information regarding the deductibility of interest and charges on Home Equity Loans. Maximum Loan-to-Value (LTV)=80%.
* 5/1 ARM rate is fixed for 5 years then subject to annual adjustments during the life of the loan based on the 1 Year Treasury plus a margin. 20 year maximum amortization period.
** Rate is subject to change semi-annually in January and July. Rate is based on the 6 Month T-Bill Rate plus a margin and a ceiling of 15%.