Home Equity Lines
HOME EQUITY CREDIT LINE
SPECIAL OFFER
- Low Interest Rates,
- Low Maximum Rate,
- Low Monthly Payments,
- No Annual Fees
Interest Rates As low as Prime + 1%!
Home Equity Credit Line
|
Combined
Loan-To-Value
Ratio |
Initial
Interest Rate |
Adjustable
Rate |
APR Example
With Current 3.25%
Prime Rate |
|
Up to 80%
|
4.25%
|
Prime Plus 1%
|
4.25%
|
Your initial Annual Percentage Rate for Home Equity Credit Lines originated during October 2011 will be the major bank Prime Rate (3.25% as reported for 9/1/2011 in the Wall Street Journal) plus a 1.00% margin*.
This initial loan rate will be fixed until December 1, 2011. At that time, and each month thereafter, your rate will adjust to equal the Prime Rate in effect for the first day of the previous month plus a margin, as specified in your credit agreement.
Over the life of the loan, the maximum rate that can apply is 12.00%. Of course, your loan rate could go lower each time the Prime Rate is reduced. There is no minimum rate floor on our Home Equity Credit Line.
Access up to 80% of your home's value!
You can obtain a line of credit up to 80% of your home’s current market value (from $10,000 up to $100,000).
Eligible security for this low-cost loan program are owner-occupied single family residences in San Diego, Orange, Los Angeles and Riverside California counties. Home Equity Credit Lines are offered on a 1st or 2nd Trust Deed basis only.
You can have the financial flexibility to tap into your home’s equity whenever it’s needed.
Use your home’s equity to remodel or improve your home, buy a new car, take a well-earned vacation, pay your children's college tuition, consolidate higher-rate debts, or just have it available for emergencies. You can even use your Home Equity Credit Line as overdraft protection for your PacTrust Bank checking account.
Low Monthly Payments!
Your Home Equity Credit Line minimum monthly payment is just 1.00% of the unpaid account balance or $50, whichever is greater, during a 10 year Draw Period. You can borrow, pay down and re-borrow from your line of credit as often as needed during the Draw Period.
At the end of the Draw Period, a balloon payment is required on the outstanding balance plus finance charges.
Other Costs or Fees
The borrower is responsible for actual cost of a Credit Report, Appraisal, Title Insurance, Flood Certification and Recording Fees. There are no annual fees.
Get More Information. Detailed information about our Home Equity Credit Line program is available on-line as an Acrobat Reader PDF file.
For general information about Home Equity Loans and Lines of Credit, please read the Federal Reserve Board's brochure "What You Should Know About Home Equity Lines of Credit".
Call us toll free at (877) 441-BANK or visit us to apply or receive more information, or you can  .
* Other loan terms, rates and margins may be offered. Equity line of credit programs for other types of properties are also available. Borrower must pay cost of full appraisal if required. All loans subject to credit approval. Some restrictions apply.
Use the equity in your home to make your dreams come true. Apply today for a Home Equity Credit Line.
For more information, call us toll-free at
(877) 441-BANK
Previous special offers are no longer valid.
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