Home Equity Loan Special
We are offering a home equity loan with:
- a 10-year fixed rate*
- rates as low as 4.99% (APR 5.068%)** with an automatic draft from your Benchmark checking account
- no loan origination fee***
We call it "Bank with Benchmark. Save with Benchmark."
Contact a relationship banker at the Benchmark branch nearest you to inquire about this new special!
View our current ad.
*120 monthly payments of $10.61 per $1,000 borrowed. Payments do not include taxes and insurance. Actual payments may be greater. Maximum loan amount is $150,000. Minimum loan amounts apply. First lien transactions will require an escrow account. You should consult a tax advisor for further information regarding the deductibility of interest and charges. Rates and terms are subject to change. Other restrictions may apply. Please contact us for specific term options and rates.
**APR = Annual Percentage Rate. Your APR will be determined based on our internal credit underwriting criteria. Listed APR is based on a loan amount of $150,000, loan to value of 85% or less, assume an excellent credit rating, assume you are an owner of a checking account with Benchmark Community Bank, and includes a 0.25% discount for repaying by an automated payment method from your Benchmark deposit account. Maximum loan to value ratio will be determined based on your credit rating. Loan to value ratio is determined based on the appraised value or purchase price, whichever is lower. Appraisals are required for all transactions. Property insurance is required for all transactions.
***No loan origination fee. Normal closing fees apply, such as fees related to lien perfection, lender’s title insurance, settlement, appraisal, credit reports, flood certification, document preparation, escrow, property taxes and insurance.