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Home > Loans > Equity Loans > Important Disclosures | |
Important Disclosures1. Some restrictions may apply. The maximum combined loan-to-value for investment properties is 70%. 2. Limited offer. Navy Federal will pay closing costs (excluding government recording charges and title insurance) on new equity loan applications (Fixed Equity Loans/Lines of Credit). Loans paid off and closed in less than 3 years from the loan origination date will require reimbursement of all closing costs paid by Navy Federal. For loan/line amounts up to $250,000, closing costs typically range between $150 and $900. The closing costs depend on the location of the property and the amount of the Equity Loan. Offer excludes Equity Loans/Lines of Credit used for a home purchase and the appraisal fee, if an appraisal is necessary. A sample Fixed Equity Loan payment based on $100,000 at 7.00% APR for 20 years is $775.30. |
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