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Your home is probably your largest and most personal investment. Put that investment to work for you with an Alpine Home Equity Loan or Home Equity Line of Credit.
The equity in your home can be cash in your hand. Whatever your reason for needing a loan, a new car, vacation, college tuition, or home improvement, Alpine Bank has the loan to fit your needs.
With Alpine's Home Equity Loan or Line of Credit:
- Receive up to 80% Loan to Value
- You may have to pay the following fees for your home equity line of credit:
- Loan origination fee - 0.0% to 3.0%
- Third party fees generally total between $50.00 and $1,000.00
- Variable rate of Prime + (1/2% - 1 1/2%)
- Term loans of 5, 10 or 15 years with annually adjusting payments are available with an Alpine Home Equity Loan only
- Interest may be tax deductible; see your tax advisor for further information
With Alpine's Line of Credit:
- Access to your line of credit is as easy as writing a check
- Automatic overdraft advance. Automatic advances in $1000.00 increments can be made to prevent overdrafts to a designated Alpine Bank checking account.
Property insurance is required. Closing costs will vary. As of February 1, 2005, the variable rate is 6.75%. The maximum APR is 18.00% on lines of credit and 21.00% on term loans. Minimum payments on line of credit loans will not fully repay the principal and a final balloon payment will be required. Term loan payment example: On a $10,000.00 5 year loan (60 payments) at 6.75% APR, monthly payments would be $196.83. Payments will adjust annually as rates change but will never exceed $255.77 at 21.00% APR.
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