Home Equity Lines of Credit Rate
For up-to-the minute rates, please call our Loan Servicing Department at 860-688-8511.

Rates as of Wednesday, March 10, 2010
Product Description Interest Rate Payment per $1,000 Payments Apply
20 Years (10 year draw period)   4.000% $6.06 Show Payments
The Interest is Based on the Prime Rate.  However, the rate for this product will not drop below 4.000% or go above 18.000% at any time.*

**Current Prime Rate is 3.250% as quoted from the Wall Street Journal however the rate for this product is 4.000%.  Based on the floor rate for this product, the current APR based on 4.000% is as follows:
The *APR is 4.344% on a loan amount of $24,000.
The *APR is 4.000% on a loan amount of $50,000.
The *APR is 4.201% on a loan amount of $126,000.

*Rate, floor or cap of this product is effective as of 12/16/2008 and subject to change without notice. Minimum APR is 4.000%. Maximum APR is 18.00%. At no time will the rate drop below 4.000% or go above 18.000% regardless of the published Prime Rate.  Rate is good for up to 80% combined loan to value.
 
The annual fee of $30 is waived for the first year.  1-4 family owner-occupied primary residence properties only. Not available on homes for sale or for mobile homes. Hazard insurance (including flood insurance, if applicable) required.
 
Maximum Loan-To-Value 80% of appraised value (appraised value x 80% minus 1st mortgage balance.)
 
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 for $125,000 and over - $500 Attorney & Appraisal Fee plus Cost of Title Insurance and Recording Fees.

Terms are subject to change without notice. Subject to credit approval. 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.