Financing
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As Low as 4.25% APR Variable rate after 12 months with automatic deduction (can be locked in for the life of the loan). |
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Option Line Home Equity Line of Credit
1. The product is a variable rate line of credit secured by the primary residence and not exceeding and 85% loan-to-value (LTV) ratio. This account includes a fixed rate option. This rate may vary thereafter. A $100 rate lock fee applies each time you establish a fixed rate advance. The fee is WAIVED if the rate is locked in at closing. A separate rate schedule applies for fixed rate advances.
For properties in NJ, most closing cost fees will be waived on primary 1-4 family residence secured credits up to 85% LTV. If you close your account or your account goes into default within 36 months of opening it, you will be required to pay back any closing cost fees initially paid on your behalf. Closing costs for lines of credit up to $500,000 typically range from approximately $258 to $5,529 depending on the amount, appraisal requirements and property location.
In addition, the borrower is required to purchase title insurance if the line is used to purchase the collateral property or the line amount is for more than $500,000. For properties held in the name of a trust, a $300 Trust Review fee will be charged and cannot be waived. The borrower will be responsible to pay mortgage satisfaction fees at the time of loan termination. Property insurance is required. Rates and terms are subject to change and may be withdrawn without notice. Rates are available to qualified borrowers and loans are subject to credit approval. The introductory rate offer does not apply to refinance of existing debt at any of our affiliate bands. Properties currently listed for sale may not be pledges as collateral for Option Line.
2. The advertised introductory 4.25% APR (Annual Percentage Rate) applied to new lines of credit of $5,000 or more. There is no maximum line amount required to qualify for this introductory APR offer. The 12 month introductory period begins at loan closing. The introductory APR offer may be withdraw at any time and is subject to change without notice. Rates accurate as of 04/01/2020.
3. After the expiration of the 12 month introductory rate period, the variable APR will be based on the Wall Street Journal Prime (WSJP) rate as published daily plus or minus a margin, and will vary with WSJP. The advertised 4.25% APR is our current standard rate with automatic deduction of payment from any FFC affiliate bank deposit account. The APR will increase if automatic payment is discontinued. Your APR is based on credit qualifications, appraisal requirements, LTV ratio, and payment option selected. Your APR will not exceed 18% at any time during the term of your account. The WSJP rat may change at any time and is subject to change without notice.
1. The product is a variable rate line of credit secured by the primary residence and not exceeding and 85% loan-to-value (LTV) ratio. This account includes a fixed rate option. This rate may vary thereafter. A $100 rate lock fee applies each time you establish a fixed rate advance. The fee is WAIVED if the rate is locked in at closing. A separate rate schedule applies for fixed rate advances.
For properties in NJ, most closing cost fees will be waived on primary 1-4 family residence secured credits up to 85% LTV. If you close your account or your account goes into default within 36 months of opening it, you will be required to pay back any closing cost fees initially paid on your behalf. Closing costs for lines of credit up to $500,000 typically range from approximately $258 to $5,529 depending on the amount, appraisal requirements and property location.
In addition, the borrower is required to purchase title insurance if the line is used to purchase the collateral property or the line amount is for more than $500,000. For properties held in the name of a trust, a $300 Trust Review fee will be charged and cannot be waived. The borrower will be responsible to pay mortgage satisfaction fees at the time of loan termination. Property insurance is required. Rates and terms are subject to change and may be withdrawn without notice. Rates are available to qualified borrowers and loans are subject to credit approval. The introductory rate offer does not apply to refinance of existing debt at any of our affiliate bands. Properties currently listed for sale may not be pledges as collateral for Option Line.
2. The advertised introductory 4.25% APR (Annual Percentage Rate) applied to new lines of credit of $5,000 or more. There is no maximum line amount required to qualify for this introductory APR offer. The 12 month introductory period begins at loan closing. The introductory APR offer may be withdraw at any time and is subject to change without notice. Rates accurate as of 04/01/2020.
3. After the expiration of the 12 month introductory rate period, the variable APR will be based on the Wall Street Journal Prime (WSJP) rate as published daily plus or minus a margin, and will vary with WSJP. The advertised 4.25% APR is our current standard rate with automatic deduction of payment from any FFC affiliate bank deposit account. The APR will increase if automatic payment is discontinued. Your APR is based on credit qualifications, appraisal requirements, LTV ratio, and payment option selected. Your APR will not exceed 18% at any time during the term of your account. The WSJP rat may change at any time and is subject to change without notice.
Ready to upgrade your home's comfort but concerned about budget?
Contact Comfortable Homes today to explore our flexible financing options!
We're committed to making your home improvement journey affordable and stress-free.
Contact Comfortable Homes today to explore our flexible financing options!
We're committed to making your home improvement journey affordable and stress-free.