20% Down Payment * 80% LTV Program
For example, financing $150,000 for 180 months with 0-points at an interest rate of
5.750% with an APR of 5.817% would result in a monthly payment of $1,245.62 for principal and interest.
For example, financing $150,000 for 360 months with 0-points at an interest rate of
6.000% with an APR of 6.041% would result in a monthly payment of $899.33 for principal and interest.
5% Down Payment * 95% LTV Program
For example, financing $150,000 for 180 months with 0-points at an interest rate of
5.750% with an APR of 6.234% would result in a monthly payment of $1,245.62 for principal and interest. Monthly private mortgage insurance (PMI)
is required due to an assumption of an LTV of 95% for this loan example, which
will increase the stated monthly payment $97.50 for the first 46 payments.
For example, financing $150,000 for 360 months with 0-points at an interest rate of
6.000% with an APR of 6.684% would result in a monthly payment of $899.33 for principal and interest. Monthly private mortgage insurance (PMI) is required due to an assumption of an LTV of 95% for this loan example, which will increase the stated monthly payment $111.25
for the first 120 and $25.00 for the next 9 payments.
The above are only examples. GCF will be happy to provide you with specific information on your transaction upon your request.
Please contact GCF for information on loan amounts in excess of $417,000.
For example, financing $150,000 for 360 months with 0-points at an interest rate of
5.750% with an APR of 6.429% would result in 360 monthly payments of $875.36 for principal and interest. Monthly private mortgage insurance (PMI) is required for this loan example due to an assumption of an LTV greater than 80%, which will increase your monthly payment $111.25
for the first 120 payments and $25.00 for the next 6 payments. This is only an example. GCF will be happy to provide you with specific information on your transaction upon your request.
There will be a recording fee associated with this product. This fee may range from $36.00 to $126.50 based on county and state where the property is located. New Jersey residents closing outside of a GCF branch office will be charged a closing fee of $150.00. If you close your loan within 12 months of the date upon which it is opened, you
will be required to pay an early account closure fee of $250.00.
For example, financing $150,000 for a term of 180 months at an APR of 7.625% would result in 179 monthly payments of $1,400.41 and one payment of
1,401.31.
For example, financing $150,000 for a term of 360 months at an APR of 8.000% would result in 359 monthly payments of $1,100.21 and one payment of $1,092.65.
HOME
EQUITY LINE OF CREDIT
Term
LTV%
Points
Rate
APR%
Min Loan
Max Loan
15 Year
80
0
Prime + 2.00%
5.25
$5,000
$350,000
There will be a recording fee associated with this product. This fee may range from $36.00 to $126.50 based on county and state where the property is located. New Jersey residents closing outside of a GCF branch office will be charged a closing fee of $150.00. Property insurance is required. If the collateral is located in a designated flood hazard area, flood insurance will also be required. If you close your line of credit within 12 months of the date upon which it is opened, you will be required to pay an early account closure fee of $250.00.
Your monthly payment is 1/180th of the outstanding principal as of the last day of the billing cycle plus accrued interest.
Variable rate based on prime as published in the Wall Street Journal may increase after loan consummation. The APR will never be less than 4.00% (the "Floor"), or greater than 8% over the initial rate.
