With shorter terms and lower interest rates, a Fixed Rate, First Position Lien Equity Loan is a solid financing option for your home.
Key Features
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Competitive Rates
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Free Pre-Approval
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Fast, Local Service
Competitive Rates
Free Pre-Approval
Fast, Local Service
Details
- 10 Year Special at 1.99% APR
- up to 70% LTV and other restrictionsapply- small application fee required before value is ordered and if loan request is greater than $250,000 full appriasal fee is required.
- 10 Year Edge First Position Equity Product still available fo up to 80% LTV- see rate sheet for current rate and note there is no application fee for this product.
Both loans feature:
- Includes monthly payments that remain fixed over the life of the loan
- Pay-off your loan balance quickly
- Fixed principal and interest payments for the full term of the loan
- No risk that changing market conditions will increase your monthly payments
- The loan balance will decrease more rapidly than longer term loans.
Edge 10 Year First Position Equity Loan at a 2.375% interest rate, the APR for this loan type is 2.535%. The monthly payment schedule would be:
119 payments of $1,874.05 at an interest rate of 2.375%
1 payment of $1,874.26 at an interest rate of 2.375%
This payment schedule is based on a $200,000 loan on a $250,000 property in Worcester county, MA.
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
