The credit union will pay all closing fees associated with this loan.
The Credit union will pay all closing costs associated with this loan.**
If your payment is more than 10 days late we may charge you 5.0% of the payment or $10.00, whichever is greater.
You promise to pay all costs of collecting the amount you owe under this agreement.
**If a full appraisal is required by the credit union, the borrower will be responsible for this fee, not to exceed $450.00. The no cost program is only available one time per member and not available when refinancing an existing credit union loan.
*The VARIABLE ANNUAL PERCENTAGE RATE may change. It cannot increase more than 6.0 percentage points above the initial rate.
Please ask a loan officer for details regarding how your rate is determined.
Representative Example: On a $10,000, 15 year loan with an initial interest rate of 3.99% in effect in July 2013, the maximum amount that the interest rate can rise under this program is 6 percentage point(s) to 9.99%, and the monthly payment can rise from a first year payment of $84.34 to a maximum of $105.41 in the third year.