Home Equity Lines of Credit
| Home Equity Rates |
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| Other home equity products are available; please call for details. |
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Home Equity Line |
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| Loan to Value | Term | Rate | Annual Percentage Rate (APR) |
| 80% or less | 120 Months | Prime with a rate floor of 5.00% | 5.00% |
| Home Equity lines have variable rates that are subject to change based on prime rate. The rate will not exceed 19% during the term of your loan. Rate Floor 5%. The rate will not be lower than 5% during the term of your loan. The above scenario is based upon a $25,000 Line, with a prime of 3.25% as of 09/14/2009, with no closing costs. You should consult a tax advisor regarding the deductibility of interest and charges under this plan. Home owners insurance required. Rate based on FICO > 680. Rates are subject to change. Other terms available based on credit and loan to value. There is a $20 annual fee charged after the first year. |
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Installment Second Mortgage |
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|---|---|---|---|---|
| Loan to Value | Term | Rate | Annual Percentage Rate (APR) | Payment/ $1,000 |
| 80% or below | 120 Months | 7.25% | 7.26% | $11.74 |
| 80.01% - 90% | 120 Months | 7.99% | 8.01% | $12.13 |
| Rates are effective as of 09/14/2009 and are based on a loan amount of $25,000 and an approximate cost of $99.00 in Jefferson County, Kentucky. Rates are subject to change. Rates based on FICO > 680. First Capital Bank offers Second Mortgages with other terms; please call our branches for details. Home owners insurance required. |
