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Whether you need money for a home improvement project, to pay bills or make a special purchase, a New Frontier Home Equity Line of Credit can provide you with a ready resource of cash. When you have a New Frontier Home Equity Line of Credit, you may simply write a credit line check whenever you need the money. |
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• No closing costs
• No annual fee
• No PMI
• 10 year draw and repayment period
• $5,000 minimum loan amount
Primary or Secondary residence only
Choose from the following Home Equity Products.
Team (Best Value)
Silver Slugger
Loan to Value Ratio
80% maximum Rate
Prime, rate adjusts daily; floor of 6% Repayment Requirements
Monthly interest only; 10 year maturity (Balloon Payment)
Annual Percentage Rate is subject to changeEligibility Team Account Deposit Package Required
Silver Slugger*
Loan to Value Ratio
80% maximum Rate
Prime plus ½%, rate adjusts daily; floor of 6% Repayment Requirements
Monthly Interest only; 10 year maturity (Balloon Payment)
Annual Percentage Rate is subject to change
*The Annual Percentage Rate (APR) varies with the Wall Street Journal Prime (WSJPR). As of February 4, 2010, the APR for Home Equity Lines of Credit varied from 6.00% (WSJPR floating with a floor of 6.00%) to 6.00% (WSJPR plus ½%). The APR varies by loan-to-value ratio (LTV) and according to package relationship. The APR is variable and subject to change without notice, but will not exceed 22%. Property insurance is required. Consult your tax advisor regarding deductibility of interest. A balloon payment may result. Some restrictions may apply. Subject to credit approval.
Consult your New Frontier Bank Loan Officer to find out if you are eligible and how much you may be able to borrow against your home.
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