![]() Offer valid on loan/line amounts up to $500,000. 1) Primary occupancy: a property in which you live most of the year 2) Secondary occupancy: a property in which you live part of the year (e.g., weekends or vacations) 3) Investment: a property that is used by others, in which you may or may not receive rent. Occupancy is related to how you use the property. Maximum combined loan to value (CLTV) is based on creditworthiness, property type, occupancy, lien position and loan amount. Rates subject to change.Ĭombined loan to value (CLTV) is a percentage calculated by dividing your total outstanding mortgage(s) – or liens – by the market value of the property. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, lien position, combined loan to value, and/or geographic location. Rates may vary by state, and are applicable to the state in which the collateral property is located. Your actual Annual Percentage Rate (APR) may be different than the rates shown. 1The rate is for illustrative and educational purposes only.
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