The information provided is based on a $100,000 home equity loan. The property is located in Chicago, Cook county in the State of IL. The property is an existing single family home and will be used as a primary residence. The rate lock period is 0 days and the assumed credit score is 740. These rates are subject to change without notice. Loan to Value must be less than or equal to 75%. (For collateral located in the state of Florida, the Loan to Value must be less than or equal to 70%). For loans secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. The minimum APR is 4.25% and the maximum APR is 18%. Subject to credit approval. Standard rates apply.
Interest Rate/APR: Prime Rate published in the Money Rates section of the Wall Street Journal. + 0.000% (currently 8.500%), subject to increase. Payment: Your Regular Payment will equal the amount of your accrued Finance Charges. Term: The draw period will extend to the first day of the month following execution of the loan documents plus ten (10) years. Balance Due at End of Loan Term: Closing Fees: $612.00 Annual Fee: $75.00