Other home
equity products are available; please call for details.
Home Equity
Line - $10,000 Draw @ Closing
Loan
to Value
Term
Rate
Annual
Percentage Rate (APR)
80%
or less
120
Months
Prime
-.25%
8.00%
80.01-90%
120
Months
As
low as Prime
8.25%
90.01-100%
120
Months
Prime
+ 2.0%
10.25%
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. The above scenario is based upon a
$25,000 Line, with a prime of 8.25% as of 11-14-2006, with no
closing costs. There are no closing costs if a $10,000 draw
is made at closing. You should consult a tax advisor
regarding the deductibility of interest and charges under
this plan. Home owners insurance required. Rate on Home
Equity lines to 90% based on FICO > 680. Rate on
Home Equity line for 90.01-100% based on FICO >
720. Other terms available based on credit.
Installment
Second Mortgage
Loan
to Value
Term
Rate
Annual
Percentage Rate (APR)
Payment/
$1,000
80%
or below
60
Months
7.99%
8.62%
$20.27
80.01%
- 90%
60
Months
8.49%
9.12%
$20.51
90.01%
- 100%
180
Months
8.99%
9.24%
$10.14
Rates are
effective as of 11-14-2006 and are based on a loan amount of
$25,000 and an approximate cost of $367.00 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.
Home Equity
Application Checklist
Property
Information
Current balance on first mortgage
Purchase date and price of home
Estimated value of home
Monthly mortgage payments
Homeowners insurance company and agent
Employment
Information
Current employer phone number and address
Previous employer if employed less than one year
Gross monthly income (before taxes and deductions)
Copy
most recent 30 days pay stubs.
Copy
most recent 2 years W-2's
Copy
most recent 2 years Tax Returns
Borrower
Information
Previous address if less than two years at present address
Monthly loan payments and approximate
balances
For
inquiries about our loan products contact:
Main
Office 293
N. Hubbards Ln.
Louisville, KY 40207
502-895-5040
Fern
Creek Branch 6512
Bardstown Rd.
Louisville, KY 40291
502-891-3599
Strathmoor
Branch 2735
Bardstown Rd.
Louisville, KY 40205
502-259-3000
Frankfort
Ave Branch
2862 Frankfort Ave.
Louisville, KY 40206 502-894-2380
Insurance & Investment
Products are:
NOT FDIC INSURED* MAY LOSE VALUE* NO BANK GUARANTEE
NOTICE: The
bank is not responsible for and has no control over the
subject matter, content, information or graphics of the web
sites that have links here.
Property
Information
