Home Equity Loans & Lines of Credit
When looking to tap the equity in your home, talk to Baker's loan advisors.
We can help you reach your financial goals!
Bakers FIXED RATE HOME EQUITY** loans with rates as low as 4.25% APR for 36 months at 80% loan to vaule. We also have additional terms up to 15 years.
Our Fixed Rate Loans mean that your interest rate stays the same for the entire loan term. Your payment stays the same too, so it will help you stick to your budget.
Bakers ADJUSTABLE RATE HOME EQUITY** loans with rates as low as 5.75% APR for one year and 6% APR for a three year terms.
Our adjustable rate home equity loans adjust as follows:
1Year- Your rate would adjust once a year to Prime* plus 1.5%
3Year-Your rate would adjust every 3 years to Prime* plus 1.5%
Maximum term on an Adjustable Rate Home Equity is 20years.
Bakers HOME EQUITY LINE OF CREDIT** loans offers you the benefit of a revolving line so you can write yourself a loan when you need it. Our Line of credit is variable rate loan based on Prime* and is currently at 3.25% APR.
Rates effective 04/21/10 and are subject to change without notice
*Prime lending rate as published by the Wall Street Journal.
To see current prime click on link - http://www.wsjprimerate.us/
**Homeowners insurance is required on all property secured by loans. Offer valid on single family, owner occupied homes. There are NO closing costs and fees will be waived for loans/lines with new loans/lines of $10,000 or more. Subject to credit approval.
This page updated 04/21/10
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