Home Equity

Rates

Home Equity Rates

Effective May 1, 2013 — May 31, 2013 Payment calculation is based on lowest rate. Rates are subject to change
Term	Daily Periodic Rate	Annual Percentage Rate
Up to 5 years $10,000 min	0.007918% - 0.012027%	2.89% - 4.39%
60 monthly payments of $17.93 per $1,000 borrowed.
Up to 10 years $10,000 min	0.009562% - 0.013671%	3.49% - 4.99%
120 monthly payments of $9.89 per $1,000 borrowed.
Up to 15 years $25,000 min	0.010932% - 0.015041%	3.99% - 5.49%
180 monthly payments of $7.40 per $1,000 borrowed.
Up to 20 years $25,000 min	0.012301% - 0.016411%	4.49% - 5.99%
240 monthly payments of $6.33 per $1,000 borrowed.

To apply for a Home Equity or Home Improvement Loan fill out the application and return it to us along with the following:

12 day notice
Mortgage Fraud Warning
Written verification of all household income. If self employed, we need last 2 years tax returns.
A tax statement
Your deed of trust
Your Homeowners Insurance Policy
Your Mortgage Balance
For Home Improvement we will also need a contractor's bid.
Minimum of $5000.00 must be borrowed to refinance current loans.
When the new loan amount is $100,000. or more and the total Loan to Value Ratio of the property is more than 65%, GTFCU will require a certified appraisal to determine the value of the property.