Home Equity Rates
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Accurate as of July 28, 2010
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Home Equity Line Of Credit²³
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Rate
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Points
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APR¹
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Margin
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Life Cap
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Floor
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6.250%
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0.00%
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6.250%
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Up to 80% CLTV=3%
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18%
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N/A
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If you made only the minimum monthly payments and took no other credit advances, it would take 25 years to pay off a credit advance of $10,000.00 at an initial ANNUAL PERCENTAGE RATE of 6.25%. During the draw period, you would make 120 monthly interest only payments of $51.37 at an ANNUAL PERCENTAGE RATE of 6.25%, provided the rates remained constant. During the repayment period, you would make 180 payments of principal and interest. The repayment period payments would be $85.74 if the ANNUAL PERCENTAGE RATE remained constant at 6.25%. Increases in the interest rate during both the draw and repayment periods will generally increse your monthly payment.
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Closed End Fixed Rate Second Trust Deed²
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15 Year Fixed Rate
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30 Year Fixed Rate
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CLTV Less than 50%
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CLTV 50.01% to 70.00%
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CLTV 70.01% to 80.00%
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CLTV Less than 50%
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CLTV 50.01% to 70.00%
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CLTV 70.01% to 80.00%
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Rate
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6.000%
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6.200%
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6.400%
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6.970%
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7.170%
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7.370%
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Points
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0.000%
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0.000%
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0.000%
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0.000%
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0.000%
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0.000%
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APR¹
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6.285%
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6.477%
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6.678%
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7.146%
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7.347%
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7.549%
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For a 2nd trust deed mortgage refinance transaction with a loan amount of $100,000 at an interest rate of 6.400%, you would make 180 monthly payments of principal and interest of $865.62 (assumes a single unit owner-occupied residence, 80% loan-to value).
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For a 2nd trust deed mortgage refinance transaction with a loan amount of $100,000 at an interest rate of 7.370%, you would make 360 monthly payments of principal and interest of $690.33 (assumes a single unit owner-occupied residence, 80% loan-to value).
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¹APR (Annual Percentage Rates) assume a single residence, owner occupied with a loan amount of $100,000.00, and credit score of at least 700.
²Property eligibility is based on 1-4 Family primary residences located in California. Advertised rate is subject to Kaiser Federal Bank's credit and collateral criteria. Rates may change without notice and could be higher or lower than the rate currently offered. Combined loan amount, first and second, cannot exceed $1,000,000 and combined loan to value cannot exceed 80%.
³Home Equity Line Of Credit Disclosure
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Rates and Terms are subject to change without notice.
Call for current rates - 800.524.CASH
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