Home Equity Loans - Landmark Credit Union

When you need a loan, a Home Equity Loan or Home Equity Line of Credit is often your best borrowing choice. Use your home's equity (your home's value less any outstanding home loans) to borrow for any purpose, such as:

Home Equity (Fixed Term)

Term1	APR	Pmt/$1,000
Up to 60 months	2.90%	$19.15
84	3.90%	$14.90
120	4.25%	$11.58
180	4.95%	$8.25
240	6.90%	$7.70

Home Equity Line of Credit (HELOC)

	APR
Locked until 1-1-16	1.99%2
Regular Rate	3.99%

Appraisal cost of $350 required at time of application. Appraisal cost is refunded, and additional closing costs of $325 are waived, for all owner-occupied homes not listed for sale and with a Home Equity Loan balance/limit of $10,000 to $100,000.

Payments on loans with terms up to 120 months include single Credit Protection coverage. Joint Credit Protection coverages are also available for loans with terms up to 120 months. 

¹Fixed rates apply to owner-occupied homes with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Loan rates without Auto Pay are ¼% higher. Monthly payments of a 5-year, 80% LTV loan at 2.9% APR would be $19.15 per $1,000 borrowed. Minimum loan amounts may apply. Excludes Landmark refinances.

²1.99% APR available on owner-occupied homes with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Rate is variable. Rate locked until 1-1-16, then set at Prime (recently 3.25%) or 3.99% APR, whichever is higher. Rate is subject to change on 1-1-16, and thereafter on the first business day following any change in the Prime Rate as published in the Wall Street Journal. Interest-only payments are available for the first 10 years, then the payment would be $1.75 per $100 of the loan balance for a term of up to 185 months. Maximum rate 20%. Minimum credit line is $5,000. Early termination fee applies. Existing Landmark HELOCs may be modified for a $350 fee. Homeowners insurance required. Rates and terms subject to change.

³Mortgage Refi Express is available to refinance home loans of $150,000 or less with loan-to-value ratio of 70% or less. Qualifying credit score required. Other programs may be available for non-qualifying credit scores and loan-to-value ratios. Available on single-family, owner occupied homes. Escrow account not available. Other restrictions may apply. Rates and terms are subject to change. Example: for an 8-year mortgage at 2.9% APR, payment would be $11.69 per $1,000 borrowed. Actual payments may be higher with property taxes and home owner's insurance. A non-refundable application fee of $115 is required at time of application.  Document exceptions and closing date availability may extend closing beyond 10 business days.