Home Equity Loans

Whether you need money for home improvement, debt consolidation, college tuition, medical expenses, that much needed vacation or the unexpected, let the equity in your home go to work for you. Convenient terms are available for up to 15 years with simple interest rates and monthly payments that will not change, which makes for easy budgeting.

 

There will be no application fee or closing costs for loans starting at $25,000 up to $125,000.

 

Rates as of Wednesday, February 22, 2012
Points	Interest Rate	Annual Percentage Rate	Payment per $1,000	Payments	Apply
Equity Loan - term 5 years (60 months)
0.000	3.750%	3.750%	$18.30	Show Payments and Rates
Equity Loan - term 7 years (84 months)
0.000	4.500%	4.500%	$13.90	Show Payments and Rates
Equity Loan - term 10 years (120 months)
0.000	4.750%	4.750%	$10.48	Show Payments and Rates
Equity loan - term 15 years (180 months)
0.000	5.000%	5.000%	$7.91	Show Payments and Rates

Windsor Federal Savings will pay the Appraisal Fee, Credit Report Fee, Title Search Fee and Recording Fee with the following exceptions:

Loans under $25,000 - $150 Application Fee. Loans above $125,000 - $550 Attorney Title Search & Appraisal Fee plus Cost of Title, Credit, Flood Certification, Recording and Attorney closing fees. *Above APR Based on loans between $25,000 and $125,000.

Maximum Loan-To-Value 80% of appraised value (appraised value x 80% minus 1st mortgage balance.)  Subject to credit approval. Rates subject to change at anytime without notice. Consult your tax advisor regarding the deductibility of interest. Effective January 17, 2006: Windsor Federal Savings will pay any State of Connecticut imposed Recording Fees at a cost of $30.00 per document with the following exception; If there are old paid liens or attachments on the property, the borrowers will be responsible for the cost of releasing those liens.