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Traditional Home Equity: IMPORTANT TERMS OF OUR HOME EQUITY LINE OF CREDIT
Borrower(s):
Property Address: 101 W Sycamore St
Kokomo, IN 46901
Lender/Broker: First Farmers Bank & Trust Co. NMLS #: 478756
Date:
Loan Number:
Loan Originator:
This disclosure contains important information about our Home Equity Line of Credit. You should read it carefully and keep a copy for your records.
Availability of Terms: The terms described below are subject to change at any time. If these terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you have paid to us or anyone else in connection with your application.
Security Interest: We will take a mortgage, deed of trust or other security interest on your home. You could lose your home if you do not meet the obligations in your agreement with us.
Possible Actions: We can terminate your line, require you to pay us the entire outstanding balance in one payment, and charge you certain fees if:
- You engage in fraud or material misrepresentation in connection with the line.
- You do not meet the repayment terms.
- Your action or inaction adversely affects the collateral or our rights in the collateral.
- The prospect of payment, performance, or realization of our rights in the collateral is significantly impaired by your action or inaction (including, for example, if you engage in fraud or material misrepresentation in connection with the line at any time).We can refuse to make additional extensions of credit or reduce your credit limit if:
- The value of the dwelling securing the line declines significantly below its appraised value for purposes of the line.
- We reasonably believe you will not be able to meet the repayment requirements due to a material change in your financial circumstances.
- You are in default of a material obligation in the agreement.
- Government action prevents us from imposing the annual percentage rate provided for or impairs our security interest such that the value of the security interest is less than 120 percent of the credit line.
- A regulatory agency has notified us that continued advances would constitute an unsafe and unsound practice.
- The maximum annual percentage rate is reached.
The initial agreement permits us to make certain changes to the terms of the agreement at specified times or upon the occurrence of specified events.
Minimum Payment Requirements: You can obtain advances of credit for 180 months (the "draw period"). Payments will be due monthly during the draw period, and will be determined as described below:
Monthly Payments that include Principal, Interest and Fees: The greater of $100.00 or 1.500% of the ending balance plus the amount of finance charge accrued on outstanding advances each month, plus any fees and any amounts past due. This minimum payment may not fully repay the principal that is outstanding on your credit line.
The monthly payment described above will not be less than $100.00 unless the total outstanding balance on your credit line is less than $100.00, in which case the minimum monthly payment will equal $100.00 or the outstanding balance on your credit line, whichever is less.
After the draw period ends, you will no longer be able to obtain credit advances and must pay the outstanding balance in a single balloon payment.
Minimum Payment Example: If you made only the minimum monthly payments and took no other credit advances, it would take 107 months to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 8.230%. During that period, you would make 106 monthly payments varying between $100.00 and $219.90 and a final balloon payment of $83.54.
Fees and Charges: You must pay the following fees to open and maintain your line of credit: Closing Fees to Us. You must pay the following to us to open your line of credit:
Estimation of Third Party Closing Fees.
Fees to Use Your Account. You must pay us the following fees to use your account:
Annual Fee: A fee of $50.00 (due annually), provided, however, if $50.00 of interest is accrued during the prior calendar year, said fee shall be waived.
Wire Fee: $30.00 (due for each request you make to wire an Advance of funds against your HELOC Account)
Stop Payment Fee: $25.00 (due for each request to stop payment on a Draw or Draft Check)
Overlimit Fee: $25.00 (due for each statement period your unpaid balance exceeds your Credit Limit at any time) Returned Credit Line Check Fee: $25.00 (due if a Check is drawn on your HELOC Account in an amount that causes the amount you owe to exceed your Credit Limit)
Release Fee: $25.00 (due to cover recording or filing costs when we release the Security Instrument for this Credit Account - this is an estimate)
Returned Payment Fee: $25.00 (due for each payment check, draft, or similar instrument which is returned unpaid)
Expedited Fee: $3.00
Early Termination Fee. A fee of 2% of the outstanding balance within 60 days of the date of the prepayment in full after deducting all refunds and rebates as of the date of the prepayment if the account is terminated within 36 months of the agreement date.
Property Insurance. In addition to the fees and charges described above in this section, you must carry insurance (hazard and flood insurance, as applicable) on the property that secures the line of credit. You may obtain all required property insurance from and through anyone you choose that is reasonably acceptable to us. (You may not obtain required property insurance from or through us.)
Tax Deductibility: You should consult a tax advisor regarding the deductibility of interest and charges for the line.
Variable-Rate Feature: The line has a variable rate feature, and the annual percentage rate (corresponding to the periodic rate) and the minimum payment can change as a result of this feature.
The annual percentage rate includes only interest and not other costs.
The variable annual percentage rate will be based on the value of an index. The index is the most recently published 1 Year UST CM (weekly) on the first day of each calendar month posted by the Federal Reserve.
To determine the annual percentage rate that will apply to your line, we add a margin to the value of the index and Round to the nearest .125%.
Ask us for the current index value, margin and annual percentage rate. After you open a credit line, rate information will be provided on periodic statements that we will send you.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”). The maximum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 14.230%. which is a 6% Lifetime Cap. Except for this lifetime rate cap, there is no limit on the amount by which the variable interest rate can increase during any one year period. The minimum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 3.500%.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”)
Maximum Rate and Payment Example: If you had an outstanding balance of $10,000 during the draw period, the minimum monthly payment during the draw period at the maximum ANNUAL PERCENTAGE RATE of 14.230% (this maximum rate is 6 percentage points above the most recent index plus margin shown in the Historical Example below) would be $100.00. This annual percentage rate could be reached during the 2nd month following the date your line of credit is opened.
Historical Example: The following table shows how the annual percentage rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years. The index values are from January of each year. While only one payment amount per year is shown, payments could have varied during each year of the draw period. The table assumes that no additional credit advances were taken, that only the minimum payments were made each month, and that the rate remained constant during each year. The table does not necessarily indicate how the index or your payments will change in the future. A balloon payment of $0.00 would be due at the end of the draw period.
Year | Index | Margin* | APR | Minimum Monthly Payment | |
|
Draw Period | 2009 | 0.370 % | 3.500 % | 3.870 % | $153.97 |
2010 | 0.470 % | 3.500 % | 3.970 % | $129.01 | |
2011 | 0.290 % | 3.500 % | 3.790 % | $106.73 | |
2012 | 0.120 % | 3.500 % | 3.620 % | $100.00 | |
2013 | 0.150 % | 3.500 % | 3.650 % | $100.00 | |
2014 | 0.130 % | 3.500 % | 3.630 % | $100.00 | |
2015 | 0.250 % | 3.500 % | 3.750 % | $100.00 | |
2016 | 0.660 % | 3.500 % | 4.160 % | $100.00 | |
2017 | 0.860 % | 3.500 % | 4.360 % | $90.33 | |
2018 | 1.820 % | 3.500 % | 5.320 % | ||
2019 | 2.580 % | 3.500 % | 6.080 % | ||
2020 | 1.570 % | 3.500 % | 5.070 % | ||
2021 | 0.110 % | 3.500 % | 3.610 % | ||
2022 | 0.410 % | 3.500 % | 3.910 % | ||
2023 | 4.730 % | 3.500 % | 8.230 % |
* This is a margin we have used recently; your margin may be different.
** This rate reflects the lifetime rate cap.
*** This rate reflects the lifetime rate floor.
By signing below, you hereby acknowledge reading and understanding all of the information disclosed above, and receiving a copy of this disclosure on the date indicated below.
DATE
__________________________________________________________________________________________
Freedom Home Equity
IMPORTANT TERMS OF OUR HOME EQUITY LINE OF CREDIT
Borrower(s):
Property Address: 101 W Sycamore St
Kokomo, IN 46901
Lender/Broker: First Farmers Bank & Trust Co.
Date:
Loan Number:
Loan Originator:
NMLS #: 478756
This disclosure contains important information about our Home Equity Line of Credit. You should read it carefully and keep a copy for your records.
Availability of Terms: The terms described below are subject to change at any time. If these terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you have paid to us or anyone else in connection with your application.
Security Interest: We will take a mortgage, deed of trust or other security interest on your home. You could lose your home if you do not meet the obligations in your agreement with us.
Possible Actions: We can terminate your line, require you to pay us the entire outstanding balance in one payment, and charge you certain fees if:
- You engage in fraud or material misrepresentation in connection with the line.
- You do not meet the repayment terms.
- Your action or inaction adversely affects the collateral or our rights in the collateral.
- The prospect of payment, performance, or realization of our rights in the collateral is significantly impaired by your action or inaction (including, for example, if you engage in fraud or material misrepresentation in connection with the line at any time).We can refuse to make additional extensions of credit or reduce your credit limit if:
- The value of the dwelling securing the line declines significantly below its appraised value for purposes of the line.
- We reasonably believe you will not be able to meet the repayment requirements due to a material change in your financial circumstances.
- You are in default of a material obligation in the agreement.
- Government action prevents us from imposing the annual percentage rate provided for or impairs our security interest such that the value of the security interest is less than 120 percent of the credit line.
- A regulatory agency has notified us that continued advances would constitute an unsafe and unsound practice.
- The maximum annual percentage rate is reached.
The initial agreement permits us to make certain changes to the terms of the agreement at specified times or upon the occurrence of specified events.
Minimum Payment Requirements: You can obtain advances of credit for 120 months (the "draw period"). Payments will be due monthly during the draw period, and will be determined as described below:
Monthly Payments At Least Equal to Interest and Fees: The greater of $25.00 or the amount of finance charge accrued on outstanding advances each month, plus any fees and any amounts past due. This minimum payment may not reduce the principal that is outstanding on your credit line (unless the monthly accrued finance charge is less than $25.00 in which case the minimum payment may not fully repay the principal that is outstanding on your credit line).
HELOC - Important Terms Disclosure ICE Mortgage Technology, Inc.
Page 5 of 12 L11215769HLCITD.DOCX 0223 L11215769HLCITDS (INI)
The monthly payment described above will not be less than $25.00 during the draw period unless the total outstanding balance on your credit line is less than $25.00, in which case the minimum monthly payment will equal $25.00 or the outstanding balance on your credit line, whichever is less.
After the draw period ends, you will no longer be able to obtain credit advances and must pay the outstanding balance over 60 months (the "repayment period"). Payments will be due monthly during the repayment period, and will be determined as described below:
The greater of $100.00 or 1.500% of your unpaid Advances as of the end of the Advance Period, plus the amount of accrued finance charges, plus any fees and amounts past due.
The monthly payment described above will not be less than $100.00 during the repayment period unless the total outstanding balance on your credit line is less than $100.00, in which case the minimum monthly payment will equal
$100.00 or the outstanding balance on your credit line, whichever is less.
Minimum Payment Example: If you made only the minimum monthly payments and took no other credit advances, it would take 180 months to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 8.230%. During that period, you would make 120 monthly payments varying between $63.13 and $69.90 in the draw period followed by 59 monthly payments varying between $100.00 and $219.90 in the repayment period and a final payment of $4,094.35.
FEES | Amount |
Loan Origination Fee | $195.00 |
Courier Fee | $60.00 |
Wire Transfer Fee | $25.00 |
Total: $280.00 |
Fees and Charges: You must pay the following fees to open and maintain your line of credit: Closing Fees to Us. You must pay the following to us to open your line of credit:
Estimation of Third Party Closing Fees.
Fees to Use Your Account. You must pay us the following fees to use your account:
Annual Fee: A fee of $50.00 (due annually), provided, however, if $50.00 of interest is accrued during the prior calendar year, said fee shall be waived.
Wire Fee: $30.00 (due for each request you make to wire an Advance of funds against your HELOC Account)
Stop Payment Fee: $25.00 (due for each request to stop payment on a Draw or Draft Check)
Overlimit Fee: $25.00 (due for each statement period your unpaid balance exceeds your Credit Limit at any time) Returned Credit Line Check Fee: $25.00 (due if a Check is drawn on your HELOC Account in an amount that causes the amount you owe to exceed your Credit Limit)
Release Fee: $25.00 (due to cover recording or filing costs when we release the Security Instrument for this Credit Account - this is an estimate)
Returned Payment Fee: $25.00 (due for each payment check, draft, or similar instrument which is returned unpaid)
Expedited Fee: $3.00
Early Termination Fee. A fee of 2% of the outstanding balance within 60 days of the date of the prepayment in full after deducting all refunds and rebates as of the date of the prepayment if the account is terminated within 36 months of the agreement date.
Property Insurance. In addition to the fees and charges described above in this section, you must carry insurance (hazard and flood insurance, as applicable) on the property that secures the line of credit. You may obtain all required property insurance from and through anyone you choose that is reasonably acceptable to us. (You may not obtain required property insurance from or through us.)
Tax Deductibility: You should consult a tax advisor regarding the deductibility of interest and charges for the line.
Variable-Rate Feature: The line has a variable rate feature, and the annual percentage rate (corresponding to the periodic rate) and the minimum payment can change as a result of this feature.
The annual percentage rate includes only interest and not other costs.
The variable annual percentage rate will be based on the value of an index. The index is the most recently published 1 Year UST CM (weekly) on the first day of each calendar month posted by the Federal Reserve.
To determine the annual percentage rate that will apply to your line, we add a margin to the value of the index and Round to the nearest .125%.
Ask us for the current index value, margin and annual percentage rate. After you open a credit line, rate information will be provided on periodic statements that we will send you.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”). The maximum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 14.230%. which is a 6% Lifetime Cap. Except for this lifetime rate cap, there is no limit on the amount by which the variable interest rate can increase during any one year period. The minimum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 3.500%.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”)
Maximum Rate and Payment Example: If you had an outstanding balance of $10,000 during the draw period, the minimum monthly payment during the draw period at the maximum ANNUAL PERCENTAGE RATE of 14.230% (this maximum rate is 6 percentage points above the most recent index plus margin shown in the Historical Example below) would be $109.16. This annual percentage rate could be reached during the 2nd month following the date your line of credit is opened.
If you had an outstanding balance of $10,000 at the beginning of the repayment period, the minimum monthly payment during the repayment period at the maximum ANNUAL PERCENTAGE RATE of 14.230% (this maximum rate is 6 percentage points above the most recent index plus margin shown in the Historical Example below) would be $112.73. This annual percentage rate could be reached on the first day of the repayment period.
Historical Example: The following table shows how the annual percentage rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years. The index values are from January of each year. While only one payment amount per year is shown, payments could have varied during each year of the draw period and of the repayment period. The table assumes that no additional credit advances were taken, that only the minimum payments were made each month, and that the rate remained constant during each year. The table does not necessarily indicate how the index or your payments will change in the future.
Year | Index | Margin* | APR | Minimum Monthly Payment | |
|
Draw Period | 2009 | 0.370 % | 3.500 % | 3.870 % | $29.69 |
2010 | 0.470 % | 3.500 % | 3.970 % | $30.45 | |
2011 | 0.290 % | 3.500 % | 3.790 % | $29.07 | |
2012 | 0.120 % | 3.500 % | 3.620 % | $27.77 | |
2013 | 0.150 % | 3.500 % | 3.650 % | $28.00 | |
2014 | 0.130 % | 3.500 % | 3.630 % | $27.85 | |
2015 | 0.250 % | 3.500 % | 3.750 % | $28.77 | |
2016 | 0.660 % | 3.500 % | 4.160 % | $31.91 | |
2017 | 0.860 % | 3.500 % | 4.360 % | $33.45 |
2018 | 1.820 % | 3.500 % | 5.320 % | $40.81 | |
|
Repayment Period | 2019 | 2.580 % | 3.500 % | 6.080 % | $169.35 |
2020 | 1.570 % | 3.500 % | 5.070 % | $135.40 | |
2021 | 0.110 % | 3.500 % | 3.610 % | $105.86 | |
2022 | 0.410 % | 3.500 % | 3.910 % | $100.00 | |
2023 | 4.730 % | 3.500 % | 8.230 % | $100.00 |
* This is a margin we have used recently; your margin may be different.
** This rate reflects the lifetime rate cap.
*** This rate reflects the lifetime rate floor.
By signing below, you hereby acknowledge reading and understanding all of the information disclosed above, and receiving a copy of this disclosure on the date indicated below.
DATE
Bridge Home Equity
IMPORTANT TERMS OF OUR HOME EQUITY LINE OF CREDIT
Borrower(s):
Property Address: 101 W. Sycamore St.
Kokomo, IN 46901
Lender/Broker: First Farmers Bank & Trust Co.
Date:
Loan Number:
Loan Originator:
NMLS #: 478756
This disclosure contains important information about our Home Equity Line of Credit. You should read it carefully and keep a copy for your records.
Availability of Terms: The terms described below are subject to change at any time. If these terms change (other than the annual percentage rate) and you decide, as a result, not to enter into an agreement with us, you are entitled to a refund of any fees that you have paid to us or anyone else in connection with your application.
Security Interest: We will take a mortgage, deed of trust or other security interest on your home. You could lose your home if you do not meet the obligations in your agreement with us.
Possible Actions: We can terminate your line, require you to pay us the entire outstanding balance in one payment, and charge you certain fees if:
- You engage in fraud or material misrepresentation in connection with the line.
- You do not meet the repayment terms.
- Your action or inaction adversely affects the collateral or our rights in the collateral.
- The prospect of payment, performance, or realization of our rights in the collateral is significantly impaired by your action or inaction (including, for example, if you engage in fraud or material misrepresentation in connection with the line at any time).We can refuse to make additional extensions of credit or reduce your credit limit if:
- The value of the dwelling securing the line declines significantly below its appraised value for purposes of the line.
- We reasonably believe you will not be able to meet the repayment requirements due to a material change in your financial circumstances.
- You are in default of a material obligation in the agreement.
- Government action prevents us from imposing the annual percentage rate provided for or impairs our security interest such that the value of the security interest is less than 120 percent of the credit line.
- A regulatory agency has notified us that continued advances would constitute an unsafe and unsound practice.
- The maximum annual percentage rate is reached.
The initial agreement permits us to make certain changes to the terms of the agreement at specified times or upon the occurrence of specified events.
Minimum Payment Requirements: You can obtain advances of credit for 12 months (the "draw period"). Payments will be due monthly during the draw period, and will be determined as described below:
Monthly Payments of Interest and Fees: The amount of finance charge accrued on outstanding advances each month, plus any fees and any amounts past due. This minimum payment will not reduce the principal that is outstanding on your credit line.
After the draw period ends, you will no longer be able to obtain credit advances and must pay the outstanding balance in a single balloon payment.
Minimum Payment Example: If you made only the minimum monthly payments and took no other credit advances, it would take 12 months to pay off a credit advance of $10,000 at an ANNUAL PERCENTAGE RATE of 8.230%. During that period, you would make 11 monthly payments varying between $63.13 and $69.90 and a final balloon payment of
$10,067.64.
FEES | Amount |
Loan Origination Fee | $600.00 |
Document Preparation Fee | $125.00 |
Courier Fee | $60.00 |
Wire Transfer Fee | $25.00 |
Total: $810.00 |
Fees and Charges: You must pay the following fees to open and maintain your line of credit: Closing Fees to Us. You must pay the following to us to open your line of credit:
Estimation of Third Party Closing Fees. The following is a good faith estimation of the fees you will have to pay at closing to third parties to open your line of credit:
FEES Amount
Appraisal Fee $600.00
Credit Report $75.00
Flood Certification $22.00
Wire Transfer Fee $25.00
Title Search $250.00
Closing Protection Letter $75.00
IN Title Insurance Enforcement Fund Fee $5.00
Recording Fees $215.00
Attorney's Fees $100.00
Attorney's Fees $150.00
Total: $1,517.00
Fees to Use Your Account. You must pay us the following fees to use your account:
Annual Fee: $50.00 (due each year beginning on the first anniversary)
Wire Fee: $30.00 (due for each request you make to wire an Advance of funds against your HELOC Account)
Stop Payment Fee: $25.00 (due for each request to stop payment on a Draw or Draft Check)
Overlimit Fee: $25.00 (due for each statement period your unpaid balance exceeds your Credit Limit at any time) Returned Credit Line Check Fee: $25.00 (due if a Check is drawn on your HELOC Account in an amount that causes the amount you owe to exceed your Credit Limit)
Release Fee: $25.00 (due to cover recording or filing costs when we release the Security Instrument for this Credit Account - this is an estimate)
Returned Payment Fee: $25.00 (due for each payment check, draft, or similar instrument which is returned unpaid)
Expedited Fee: $3.00
Property Insurance. In addition to the fees and charges described above in this section, you must carry insurance (hazard and flood insurance, as applicable) on the property that secures the line of credit. You may obtain all required property insurance from and through anyone you choose that is reasonably acceptable to us. (You may not obtain required property insurance from or through us.)
Tax Deductibility: You should consult a tax advisor regarding the deductibility of interest and charges for the line.
Variable-Rate Feature: The line has a variable rate feature, and the annual percentage rate (corresponding to the periodic rate) and the minimum payment can change as a result of this feature.
The annual percentage rate includes only interest and not other costs.
The variable annual percentage rate will be based on the value of an index. The index is the most recently published 1 Year UST CM (weekly) on the first day of each calendar month posted by the Federal Reserve.
To determine the annual percentage rate that will apply to your line, we add a margin to the value of the index and Round to the nearest .125%.
Ask us for the current index value, margin and annual percentage rate. After you open a credit line, rate information will be provided on periodic statements that we will send you.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”). The maximum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 14.230%. which is a 6% Lifetime Cap. Except for this lifetime rate cap, there is no limit on the amount by which the variable interest rate can increase during any one year period. The minimum ANNUAL PERCENTAGE RATE that can apply under the variable-rate feature is 3.500%.
Rate Changes: The annual percentage rate may be adjusted on the first day of each billing cycle (each, a “Change Date”)
Maximum Rate and Payment Example: If you had an outstanding balance of $10,000 during the draw period, the minimum monthly payment during the draw period at the maximum ANNUAL PERCENTAGE RATE of 14.230% (this maximum rate is 6 percentage points above the most recent index plus margin shown in the Historical Example below) would be $109.16. This annual percentage rate could be reached during the 2nd month following the date your line of credit is opened.
Historical Example: The following table shows how the annual percentage rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years. The index values are from January of each year. While only one payment amount per year is shown, payments could have varied during each year of the draw period. The table assumes that no additional credit advances were taken, that only the minimum payments were made each month, and that the rate remained constant during each year. The table does not necessarily indicate how the index or your payments will change in the future. A balloon payment of $10,031.81 would be due at the end of the draw period.
Year | Index | Margin* | APR | Minimum Monthly Payment | |
Draw Period | 2009 | 0.370 % | 3.500 % | 3.870 % | $29.69 |
2010 | 0.470 % | 3.500 % | 3.970 % | ||
2011 | 0.290 % | 3.500 % | 3.790 % | ||
2012 | 0.120 % | 3.500 % | 3.620 % | ||
2013 | 0.150 % | 3.500 % | 3.650 % | ||
2014 | 0.130 % | 3.500 % | 3.630 % | ||
2015 | 0.250 % | 3.500 % | 3.750 % | ||
2016 | 0.660 % | 3.500 % | 4.160 % | ||
2017 | 0.860 % | 3.500 % | 4.360 % | ||
2018 | 1.820 % | 3.500 % | 5.320 % | ||
2019 | 2.580 % | 3.500 % | 6.080 % | ||
2020 | 1.570 % | 3.500 % | 5.070 % |
2021 | 0.110 % | 3.500 % | 3.610 % | ||
2022 | 0.410 % | 3.500 % | 3.910 % | ||
2023 | 4.730 % | 3.500 % | 8.230 % |
* This is a margin we have used recently; your margin may be different.
** This rate reflects the lifetime rate cap.
*** This rate reflects the lifetime rate floor.
By signing below, you hereby acknowledge reading and understanding all of the information disclosed above, and receiving a copy of this disclosure on the date indicated below.
DATE
__________________________________________________________________________________________
__________________________________________________________________________________________
