| HOME EQUITY LINE OF CREDIT |
LTV |
APR* |
Term |
| No closing cost options available^ |
Up to 90% |
see products below |
20 Year*** |
Other Available Line of Credit Loans
Premier- 4.50% APR* (Prime - .50%) 80% LTV or less.
Min. line $25,000 - max. line $250,000
PrimeFlex I- 4.75% APR* (Prime - .25%) 80.01% - 85% LTV
Min. line $10,000 - max. line $250,000
PrimeFlex Il- 5.75% APR* (Prime + .75%) 80.01% - 90% LTV
Min. line $10,000 - max. line $150,000
Line-Lock Home Equity Line Of Credit
6.29% APR*
2 Year fixed rate
Then Prime minus .25%
For new accounts only. Maximum loan-to-value is 85%. Minimum loan and draw is $25,000.
Interest rate is variable; maximum is 18% APR.
Rental Properties- 6.00% (Prime + 1.00%)
75% ltv or less
Customer pays closing costs
Actual interest rate is dependent on Loan-to-Value and credit score. Applications are subject to credit approval, which may affect interest rate.
The Wall Street Journal Prime Lending interest rate is 5.00% as of 4/30/2008.
***20 yrs. with a 10 yr. adjustable interest rate, interest only option, converting to a ten year adjustable rate.
Disclosure for all Lines of Credit
Property insurance is required and a home appraisal and title search may be required. Interest rates subject to change without notice. Subject to credit approval. Ask tax advisor about deductibility of interest.
.15 discount on all above products if monthly payment is automatically deducted from a
Bradford Bank Prime Checking Account.
^If you choose to have Bradford Bank pay closing costs, add .50% to the rate.
|
| FIXED RATE HOME EQUITY LOAN |
LTV |
APR* |
Term |
No closing cost options available^
|
up to 85% |
6.294%
6.492%
6.592% |
5 Years
10 Years
15 Years |
| up to 85% |
6.992%
7.492% |
20 Years
25 Years |
| up to 85% |
7.741% |
30 Years |
30/15 Years 6.995% APR up to 85% ltv
6.995% APR assumes a 15-year yerm, (30 year amortization - 15 year balloon) 360 monthly payments of $6.45 per $1,000.
Loan programs available to 90% ltv. For a rate quote call our Loan Line @ 410-372-2959
RATES ARE EFFECTIVE AS OF 5/1/2008
Interest rate is dependent on credit score. Some restrictions apply.Other interest rates and terms available. The APR* of 6.294% assumes a 5-year term, 60 monthly payments of $19.47 per $1,000 borrowed and no points. The APR* of 6.492% assumes a 10-year term, 120 monthly payments of $11.35 per $1,000 borrowed and no points. The APR* of 6.592% assumes a 15-year term, 180 monthly payments of $8.76 per $1,000 borrowed and no points. The APR* of 6.992% assumes a 20-year term, 240 monthly payments of $7.75 per $1,000 borrowed and no points. The APR of 7.492% assumes a 25-year term, 300 monthly payments of $7.38 per $1,000 and no points. The APR of 7.741% assumes a 30-year term, 360 monthly payments of $7.16 per $1,000 and no points.
Property insurance is required.
.15 discount on all above products if monthly payment is automatically deducted from a Bradford Bank Prime Checking Account^If you choose to have Bradford Bank pay closing costs, add .50% to the rate.
Click here to calculate your loan payments.
|
** 0.25% REDUCTION ON RATE IF PAYMENT IS AUTOMATICALLY DEDUCTED FROM YOUR BRADFORD BANK PRIME CHECKING ACCOUNT
