Home Equity Loan Rates – Annual Percentage Rate (APR)
A $10,000 home equity loan with a term of 6 years, at an interest rate of 6.75% and an APR of 6.75% would require 72 monthly payments of $169.29.
Home Equity Loans over $250,000 require title insurance. Appraisal fees and other fees may also apply.
Property insurance is required on all Home Equity Loans and Lines.
Loan information is provided to assist in evaluating alternatives only and does not constitute an offer to extend credit.
Rates are subject to change without notice. Please contact Parke Bank for current rates at 1.866.PARKEBK (727.5325).
Reduce the interest rate by .50% if payments are deducted from a ParkeBank account
Loans subject to credit approval.
Payments do not include the amounts for taxes and insurance premiums. The actual payment will be greater.