Suncoast Credit Union Accessibility Statement Rate will be higher than the standard Home Equity Variable Rate Loan product. LTV's from 80.01% - 100% may qualify for our High LTV 20 year Home Equity Variable Rate Loan product.The index is the Wall Street Journal Prime Rate. The annual percentage rate will not go below the greater of 4.0% which is considered the floor for the standard 20 year Home Equity Variable Rate Loan or 5.50% for the High LTV (greater than 80% LTV) 20 year Home Equity Variable Rate Loan. The maximum annual percentage rate shall not exceed 18%. The rate cannot increase or decrease more than. The annual percentage rate can change quarterly on the first day of January, April, July and October. Adjustable Rate Details: Adjustable rates are subject to an increase in rate and payment after the loan is closed.Consult a tax advisor regarding the deductibility of interest. Interest Paid on this product may be tax deductible.Up to 80% loan-to-value available for qualified borrowers.Costs for appraisals and title insurance range from $350 to $4,000 depending on loan to value and loan amount. Typical closing costs range from $300 to $1,900.Loans available on primary residences in Florida only with homestead.Rate will be higher than standard Home Equity product. LTV's from 80.01% - 100% may qualify for our High LTV (Loan-To-Value) Home Equity product.Additional advances limited to two advances during the first 36 months of the loan term and may not exceed the original mortgage amount. Fixed Rate Details: Principal and interest payments remain the same throughout the term of your loan.Interest paid on this product may be tax deductible.Up to 100% loan-to-value available for qualified borrowers.If the loan is paid off within 25 months of the funding date, Suncoast will collect the closing costs paid on your behalf in the payoff. Suncoast pays up to $1000.00 towards closing costs.Competitive interest rates and flexible terms.Typical closing costs range from $300 to $1900.Rate will be higher than the standard Equity Line of Credit. LTV's from 80.01% - 100% may qualify for our High LTV Equity Line of Credit product.The annual percentage rate will not go below the greater of 4.0% which is considered the floor for the Equity Line of Credit (80% or less HCLTV) or 5.50% for the High LTV (greater than 80%) Equity Line of Credit.
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