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Rates are effective as of February 2, 2012
AUTO LOANS
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| Model Year* |
24 Months |
36 Months |
48 Months |
60 Months |
72 Months |
| New 2011/10 |
4.000% ** |
4.250% ** |
4.500% ** |
4.625% ** |
4.750% ** |
| 2010 |
5.000% ** |
5.250% ** |
5.500% ** |
n/a |
n/a |
| 2009 |
5.250% ** |
5.750% ** |
6.000% ** |
n/a |
n/a |
| 2008 |
6.250% ** |
6.500% ** |
6.625% ** |
n/a |
n/a |
| 2007 |
7.250% ** |
7.500% ** |
n/a |
n/a |
n/a |
| 2006 |
8.250% ** |
8.500% ** |
n/a |
n/a |
n/a |
| 2005 |
8.500% ** |
8.750% ** |
n/a |
n/a |
n/a |
| 2004 |
9.250% ** |
9.500% ** |
n/a |
n/a |
n/a |
| OLDER |
9.750% ** |
11.250% ** |
n/a |
n/a |
n/a |
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| * 100% financing available on New Untitled 2011/2010 Vehicles. NADA Book Loan Value used. All rates subject to change. |
| ** APR (Annual Percentage Rate) |
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| Auto Loan Payment Example |
| New 60 Month Auto Loan Rate. For every $1,000 of credit, your payment would be $18.81 per month for 60 months. |
HOME EQUITY REVOLVING LINE OF CREDIT*
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Term |
Interest Rate |
APR** |
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| Home Equity Revolving Line of Credit* |
10 year draw period. 20 Year Term. |
3.25% Promotion: Closing costs and setup fees are waived. |
3.25% |
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Using today's rates: |
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Up to $25,000:
Prime +.75% |
4.00% |
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$25,000-$50,000:
Prime+.50% |
3.75% |
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$50,000-$300,000:
Prime |
3.25% |
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| * LTV 80%, Annual Fee $50.00 (waived for 1st year). |
| The annual percentage rate may vary. Ceiling Rate: 21.0% Floor Rate: Prime Rate. |
| **APRs (Annual Percentage Rate) based on the highest loan amount in the corresponding tier. |
| Closing costs paid by Lake Federal are limited to: appraisal, credit report, title insurance, flood certification & recording fees. An early termination fee may apply if the account is closed during the first three years. |
| Property insurance is required. Prime Rate as published in the Wall Street Journal. Consult your tax advisor concerning the deductibility of interest. |
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| Home Equity Payment Example |
| Based on a 3.25% annual percentage rate, your monthly payment would be $2.67 per month for every $1,000 of funds advanced. This is based on an interest only payment for the first 10 years of the loan. |
SECOND MORTGAGES
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Term |
Interest Rate |
APR** |
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10 Year |
6.990% |
7.034% |
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| Other terms are available. A title update & appraisal may be required. Property Insurance is required. |
| ** APR (Annual Percentage Rate) |
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| Second Mortgage Loan Payment Example |
| For every $50,000 of credit, your payment would be $580.28 per month for 120 months. |
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