Home Equity - Suncoast Schools Federal Credit Union

Home Equity

Home Equity Line of Credit or traditional Home Equity.

Home Equity VISA Platinum for credit card access up to $50,000

Fixed Rate and Adjustable rates available (Adjustable rates are subject to an increase in rate and payment after the loan is closed).

Competitive interest and flexible terms.

Borrow up to 80% of the value of your home**.

Low Closing Costs for new loans or increases of at least $10,000 in balance or credit limit.

Loans available on primary residences located in the state of Florida only.

Steps for a home equity loan

TERMS AND CONDITIONS MAY CHANGE WITHOUT NOTICE

Equity Line of Credit

Product Name	Rates As Low As	Type	Maximum Terms	Periodic Rate
Equity Line of Credit	4.00% APR	Variable	180 Months
Annual Percentage Rate may vary over time. Maximum interest rate is 6% above initial rate, not increasing or decreasing more than .5% per quarter. Subject to 4.50% floor. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest. Maximum LTV is 80%. No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI ELOC Product. Rate will be 1.5% higher than the standard ELOC Rate
Effective as of: 3/1/2013

Home Equity Loans

Product Name	Rates As Low As	Type	Maximum Terms	Periodic Rate
Home Equity 5 Years	4.50% APR	Fixed	60 Months
Documentary Tax in the amount of .35¢ per $100.00 of the limit amount as collected and paid to the State of Florida. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest. Maximum LTV is 80%. No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI Home Equity product. Rate will be 1.50% higher than the standard Home Equity rate.
Effective as of: 3/1/2013

Home Equity 15 Years	5.50% APR	Fixed	180 Months
Documentary Tax in the amount of .35¢ per $100.00 of the limit amount as collected and paid to the State of Florida. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest. Maximum LTV is 80%. No Annual or Transaction Fees. LTV's from 80.01% - 100% may qualify for our MI Home Equity product. Rate will be 1.5% higher than the standard Home Equity rate.
Effective as of: 3/1/2013

Home Equity 20 Years	4.00% APR	Variable	240 Months
Annual Percentage Rate may vary over time. Maximum interest rate is 6% above initial rate. Subject to 4.50% floor. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest. Maximum LTV is 80%. No Annual or Transaction Fees. Not increasing or decreasing more than .5% per quarter. LTV's from 80.01% - 100% may qualify for our MI Home Equity product. Rate will be 1.5% higher than the standard Home Equity rate.
Effective as of: 3/1/2013

Home Equity Visa Platinum

Product Name	Rates As Low As	Type	Maximum Terms	Periodic Rate
Home Equity Visa Platinum	4.00% APR	Variable	180 Months
Annual Percentage Rate may vary over time. Maximum interest rate is 6% above initial rate, not increasing or decreasing more than .5% per quarter. Subject to 4.50% floor. Credit Union pays up to $200.00 toward closing costs. Typical closing costs range from $230 to $994. Costs for appraisals and title insurance range from $350 to $1,900 depending on loan to value and loan amount. Interest paid on this product may be tax deductible. Consult a tax advisor regarding the deductibility of interest. Maximum LTV is 80%. Low Annual or Transaction Fees. For all mortgage types, properties will be limited to a maximum of 5 acres. Properties with more than 5 acres are subject to a pricing premium of 1%.
Effective as of: 3/1/2013