Fixed Rate Home Equity Loans

Home Equity

A Fixed Rate Home Equity loan is great way to let your home work for you.

The loan can be a 1st or 2nd mortgage secured by your principal residence. A fixed rate home equity loan will give you piece of mind because it has a set term and payment. The interest rate will not change. Our Fixed Rate Home Equity Loans have no closing costs.

Product Features
    • Fixed interest rate, term and payment
    • No closing costs
    • Single loan proceed disbursement at closing
    • Cash out fixed rate home equity loans are available for a variety of reasons including home improvement, vacation, bill consolidation, education, etc.
    • Variety of loan terms with competitive pricing are available
    • Fixed Rate Home Equity Loan interest may be tax deductible; consult your tax advisor

All Rates are expressed in Annual Percentage Rate [APR]

Fixed Rate Home Equity Loans

  Term Automatic Payment  Interest Rate* Standard Interest Rate
60 months 3.96% 4.21%
120 months 4.96% 5.21%
180 months 5.20% 5.46%
240 months 5.50% 5.75%

* Automatic Payments:  To qualify for the Automatic Payment Interest Rate, you must have the monthly payments automatically transferred from a deposit account that you maintain with Harford Bank.
Automatic Payment Interest Rate payment examples
Based on a loan amount of $50,000 and a term of 60 months, the monthly loan payment is $919.84; a $50,000 loan for 120 months would have monthly payment of $529.22; a $50,000 loan for 180 months would have a monthly payment of $400.74; a $50,000 loan for 240 months would have a monthly payment of $344.07.
Standard Interest Rate payment examples
Based on a loan amount of $50,000 and a term of 60 months, the monthly loan payment is $925.48; a $50,000 loan for 120 months would have monthly payment of $535.35; a $50,000 loan for 180 months would have a monthly payment of $407.34; a $50,000 loan for 240 months would have a monthly payment of $351.17.
A fixed rate home equity loan must have a 1st lien or 2nd lien position on an owner-occupied primary residence in Maryland or Delaware. The maximum loan to value is 80%. Fixed rate home equity loans do not have any closing costs. The estimated monthly payments do not include the escrow payment for property taxes and insurance. Adequate property insurance is required, and if applicable, flood insurance would be required. Terms and rates are subject to change without notice and other terms and conditions may apply.

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