Mid Oregon offers Home Equity Lines of Credit with the following features:

  • Up to 85% of the value of your home.

Normally based on an appraisal can but can be current tax assessed market value.

  • Accessing your line of credit is easy. Call our Phone Center, log on to Mid Oregon On-line, or just write a loan check, issued free of charge.
  • Home Equity interest is often tax deductible. See your tax advisor for details. 
  • Call to compare our low rates and fees.

Effective date:                                                                    4/1/2008

Home Equity Line-of-Credit

Please ask us for Home Equity Disclosures and Information.

VARIABLE RATE

Daily Periodic Rate    Annual Percentage Rate    Margin    Annual Fee

       0.017808%                          6.50%                        4.44%        $25.00

Maximum Annual Percentage Rate/Minimum Annual Percentage Rate

             Maximum  12.50%                              Minimum  5.50%

INTEREST ONLY HOME EQUITY LINE OF CREDIT

Daily Periodic Rate    Annual Percentage Rate    Margin    Annual Fee

       0.017808%                          6.50%                        4.44%        $25.00

Maximum Annual Percentage Rate/Minimum Annual Percentage Rate

             Maximum  12.50%                              Minimum  5.50%

Variable Rate Feature of Home Equity Line-of-Credit - The Index Rate is the average rate of the 26 week United States Treasury Bill for the last 13 weeks of the calendar quarter immediately preceding the date of any change. Rates will change on the first of each month for January, April, July and October.  An increase in the Index rate may result in more payments. A change in the interest rate will be applied to existing balances.

Fixed Rate Equity Loan

Fixed Rate

Daily Periodic Rate    Annual Percentage Rate    Maximum Loan Term

        0.017123%                          6.25%                           60 months

        0.018493%                          6.75%                          120 months

        0.019863%                          7.25%                           180 months

INTEREST ONLY

        0.017123%                          6.25%                          5 year balloon 

                           Margin                              Annual Fee

                              N/A                                       N/A

The following applies to both Home Equity Lines-of-Credit and Fixed Rate Equity Loans:

     
       

Closing Costs for Home Equity Loans   - Other third

party costs may apply, please ask for details and

disclosures.  The estimated costs will generally total between $140.00 and $1,195.00, depending

on the amount of your loan or credit limit, and the placement of the Lien.

       


All rates are subject to change without notice.

EqualHousing.gifStop by one of the Mid Oregon branch offices or call us at (541) 382-1795 to receive a packet of information on one of our Home Equity Products. Our Loan Officers will be happy to answer any questions you have. Once you complete the Home Equity application, we'll let you know the amount you're approved for, usually within 24 hours. After that, it generally takes about two weeks to close the loan, as we'll need to order a title policy, etc. The process is easy, just complete the application, and we'll take it from there.

Based on approved credit qualifications and available equity