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Home Equity

Equity NOW is a line of credit secured by the equity in your home. The interest rate is variable and changes whenever the Wall Street Journal prime interest rate changes. Call our loan department for current Equity NOW interest rates.

Fixed Rate

Interest Rate(s) and Annual Percentage Rate(s) (APR) are accurate as of 2/1/2008 5:42:43 PM

FIXED RATE MORTGAGES Interest
Rate		 Orig.
fee		 Disc.
Points		 APR
< 36 months 7.250% 0.000% 0.000% 7.250%
> 36 months to 60 months 7.500% 0.000% 0.000% 7.500%
> 60 months to 120 months 7.750% 0.000% 0.000% 7.750%
> 120 months to 180 months 8.250% 0.000% 0.000% 8.250%
> 180 months to 240 months 8.500% 0.000% 0.000% 8.500%

The stated APR includes a fee for flood area determination as required by federal regulation.

Home Improvement and Home Equity Loans are fixed rate, closed end loans.

No down payment is required.

Rates stated will be honored during posted lobby hours each day.

Our trade area is a 30 mile radius of the City of Lake City within the state of Minnesota. LCFB reserves the right to reject any application outside our trade area.