*PLEASE NOTE: The calculators on this page are to provide approximate information about your loan payments and does not constitute an offer to extend credit. Your actual payment information may vary. Please contact the credit union for payment information and variables specific to loan
**Rates based upon applicants credit score. All applicants may not qualify for the lowest rate.
***Annual Percentage rate of 5.50% is available on Home Equity Term loans of $10,500.00 to $100,000.00 with a term up to 180 months . Start-up fee waived for a limited time only upon loan approval and is subject to change without notice. If you payoff the Home Equity Term loan for any reason within 24 months, a $250.00 penalty will apply. Not available to rental property or homes currently for sale or intended to be sold in six months of closing.
****Rates stated as effective December 14, 2009. Rates and terms are subject to change without notice. This Rate sheet is offered as an invitation for member inquires only. It is not a contract. Lending Products “as low as” are based upon tiered credit scores. Applicants may or may not qualify for the lowest rate. Prime rate is 3.25% as of 12/16/2008. A minimum balance of $2,000.00 must be maintained to avoid a $10.00 monthly fee. While all closing cost are waived, a prepayment penalty of up to $150.00 will be assessed for all lines of credit closed within 2 years from the date of opening. Actual qualifying rates can only be determined after an application has been processed. Not all applicants will qualify for maximum term, restrictions and conditions may apply. Maximum rate is 18% APR.
You may contact LorMet Community Federal Credit Union at
(440) 960-LOAN for further information.
