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| Effective Date: January 1, 2009| Owner Occupied Residential
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| Loan Type |
Maximum Loan to Value |
Margin |
APR*,^ |
Maximum APR* |
| Equity Merit - Home Equity Line of Credit (Variable Rate) |
| Up to $250,000 |
80% |
-0.01% |
3.74% |
18% |
| Alternate Program (Variable Rate) |
| $150,000 Maximum line |
70% |
2.50% |
6.25% |
18% |
| $50,000 Maximum line |
70% |
7.25% |
11.00% |
18% |
| Prime Rate Index 4.00% |
Minimum Line Amount = $10,000
^Rate discount of 0.25% for automatic payment transfer applied.
An additional rate discount of 0.25% with Relationship Advantage? may be available.
"Interest Only" Payment Option Available
No Third Party Fees. Up to $250,000
No Prepayment Penalty
Other options may be available, call 1-877-Meriwest for details
Terms and Conditions (PDF) |
| Loan Type |
Maximum Loan to Value |
Margin |
APR*,^ |
Maximum APR* |
| Equity Merit Jumbo (Variable Rate) $500,000 Maximum line |
65% |
2.25% |
6.00% |
18% |
|
* APR = Annual Percentage Rate
Minimum $25,000 Cash Advance at Closing.
^Rate discount of 0.25% for automatic payment transfer applied.
An additional rate discount of 0.25% with Relationship Advantage? may be available.
"Interest Only" Payment Option Available
Origination, Closing and Third Party Fees apply (approx. $1,500.00)
All Fees refunded after an equal amount of Interest is Paid on Line
No Prepayment Penalty.
Secured by Second Deed of Trust
|
| Loan Type |
Term |
Maximum Loan to Value |
APR* |
Monthly Payment Per $5000 Borrowed** |
| Meriwest Community Advantage - Home Equity Loan (Fixed Rate) |
| Up to $250,000 |
7 years |
80% |
6.49% |
$74.25 |
| Up to $250,000 |
10 years |
80% |
6.99% |
$58.05 |
| Up to $250,000 |
15 years |
80% |
7.49% |
$46.32 |
| Less than Perfect Credit |
| $50,000 Maximum line |
15 years |
70% |
12.99% |
$63.28 |
|
* APR = Annual Percentage Rate
Minimum $10,000 Loan Amount
** The payments listed are for informational purpose only. The actual payments are based on the amount borrowed, loan term and rate.
Other options may be available, call 1-877-Meriwest for details
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