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Home Equity:Loans booked on Credit Union - Up to 15-year financing; rate 1% above the WSJ Prime Rate, with a floor of 6%. Finance 80% of ‘sellable equity’, fixed-rate, 5-year draw period. HELOC Disclosure. Land:(Purchase) Loans booked on Credit Union - Up to 10 years financing, 80% appraised value, rate 1% above the WSJ Prime Rate, with a floor of 6%. (Non-Purchase) Loans booked on Credit Union - up to 5 years financing, 80% appraised value, rate 3% above the WSJ Prime Rate. For complete information and closing costs for Real estate loans, contact the Credit Union. |