| 1) |
Closing costs will typically range from $216 to $518 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $295 (metro) to $450 (non-metro).3 |
| 2) |
An appraisal is required on ALL home equity loans. |
| 3) |
Applicants must have a 660 credit score or higher. Debt to income ratio must be 45% or less. |
| * |
The minimum Home Equity Loan amount is $10,000. The maximum is $200,000.
PAYMENT EXAMPLE: For every $1,000 borrowed at 5.75% (5.829% APR) over 5 years, the monthly payment is $19.22. Minimum loan amount $10,000.
Effective 1/1/2009 |
| |
All loans subject to credit approval. Rates and terms subject to change without notice. APR = Annual Percentage Rate.
Eligibility: Property must be located in Minnesota or Wisconsin & owner occupied. |
