Real Estate-Fixed 2nd Trust Deed No Points, No Fees*
Rates are and are subject to change without notice.
Equity PlusA fixed-rate 2nd Trust Deed is a loan with one up-front payout. That loan is paid back monthly at a fixed interest rate for a set period of months, usually 15 years or less. A Home Equity Line of Credit (HELOC) lets you draw funds as needed from the equity in your home over a set period of time, called the Draw Period. That money is then repaid during the Repayment Period, with a variable interest rate tied to the Prime Rate, as indicated below. If you need to have cash up front but want the flexibility of a HELOC, look into getting both loans on the same residence.
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Fixed Rate Home Equity Loans
Rate/Margin Adjustments
| Feature | Rate/Margin | Feature | Rate/Margin |
| Waived Automatic Payment | Add .250% | Second Homes | Add .250% |
| FICO < 680 and ≥ 660 | Add .500% | Non Owner Occupied | Add .375% |
| FICO ≤ 659 | Add 1.000% | Stated Income | Not Available |
| Loan Amount < $20K | Add .500% | Manufactured Housing | Add .250% |
| Loan Amount > $300K | Add .250% | Non-Conforming Properties | Add .250% |
Certain restrictions may apply. Consult your tax advisor for details regarding tax deductibility. Monthly Payments are based on $100,000 loan amount. Maximum Combined Loan to Value is 80% for Manufactured Homes. Any loan greater than $250,000 requires a full appraisal, at cost to borrower even if No Fee option is used. RCU mortgages are available on CA properties only.
* Minimum No Fee loan is $25,000 and all No Fee loans must be <=80% CLTV and loan amount <=$200,000. A $750 early closure fee applies for first 3 years of loan. AVM must be available, and a limited title policy must be obtained.
Equity Plus: Payment example for Equity Plus 2nd Lien: 15-year term per $100,000 borrowed: $843.56 at 5.990% or $898.56 at 6.990%.
* Minimum No Fee loan is $25,000 and all No Fee loans must be <=80% CLTV and loan amount <=$200,000. A $750 early closure fee applies for first 3 years of loan. AVM must be available, and a limited title policy must be obtained.
Equity Plus: Payment example for Equity Plus 2nd Lien: 15-year term per $100,000 borrowed: $843.56 at 5.990% or $898.56 at 6.990%.
