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Home Equity Loans

Use the equity in your home to finance an addition, or even cover the cost of a dream vacation. A Home Equity Loan is ideal if you have a one-time, immediate borrowing need and like the idea of a fixed interest rate and fixed monthly payment. There is no application fee and Cardinal Bank will even pay all closing costs on new loans up to $250,000. Terms range from five to 15 years and are available for new loan applications between $25,000 and $1,000,000.

Available for 1st Trust & Home Equity Loans.

Home Equity Loans with a Loan To Value (LTV) of up to 80% currently have a low1 interest rate of:

APR Loan Term/ LTV up to 80% Minimum Loan Amount
2.99% APR 5 Years Fully Amortizing $25,000
3.59% APR 10 Years Fully Amortizing $25,000
4.09% APR 15 Years Fully Amortizing $25,000

Home Equity Loans with a Loan To Value (LTV) from  81-89%  currently have a low1 interest rate of:

APR Loan Term/ LTV up to 80% Minimum/ Maximum Loan Amount
3.19% APR 5 Years Fully Amortizing $25,000/ $200,000
3.79% APR 10 Years Fully Amortizing $25,000/ $200,000
4.29% APR 15 Years Fully Amortizing $25,000/ $200,000

For More Information or To Apply

To learn more, call the Cardinal Loan Center at 703.246.7347 or visit a Cardinal Banking Office near you. Or, <img  data-cke-saved-src='//pixel.mathtag.com/event/img?mt_id=1017741&mt_adid=122577&v1=&v2=&v3=&s1=&s2=&s3=' src='//pixel.mathtag.com/event/img?mt_id=1017741&mt_adid=122577&v1=&v2=&v3=&s1=&s2=&s3=' width='1' height='1' />

Our Mortgage Loan Originators are registered and comply with the National Mortgage Licensing System (NMLS) and Registry.  NMLS Consumer Accesssmhttp://www.nmlsconsumeraccess.org, is a free service for consumers to confirm that the financial-services company or professional with whom they wish to conduct business is authorized to conduct business in their state. Cardinal Bank's NMLS ID is 408985.


Terms and conditions: Annual Percentage Rates (APR) effective as of  4-1-16 and are subject to change. Available for principal residences only located in the Washington metropolitan area. Cooperatives and purchase money loans are not eligible. A direct debit of minimum monthly payments from a Cardinal Bank deposit account is required to obtain these products at these rates. Rates apply to loan-to-value ratios of up to 89% when the property appraised value is up to $1,500,000. There is a 65% maximum LTV for first trust loans. We cap the maximum property value at $2,000,000. Payment examples include principal and interest. Payment Examples for 80% LTV loans:  $25,000/5-year term would result in 60 payments of $449.12. $25,000/10-year term would result in 120 payments of $248.31. $25,000/15-year term would result in 180 payments of $186.07.  Payment Examples for 81%-89% LTV loans:  $25,000/5-year term would result in 60 payments of $451.35.  $25,000/10-year term would result in 120 payments of $250.66. $25,000/15-year term would result in 180 payments of $188.62. Payments do not include taxes or insurance premiums. APRs reflect 0.50% discount for automatic debit from a Cardinal Bank checking account.  Property insurance is required. No closing costs offer is for standard loans up to $250,000 with initial $10,000 advance.Title insurance and/or appraisal may be required. If you close your account within 36 months, closing costs must be reimbursed. The minimum loan amount is $25,000. Offers subject to credit approval and are for new accounts only. Other products and terms may exist for applications which do not qualify under above conditions. Interest paid on home equity accounts may be tax deductible. Consult your tax advisor regarding tax advantages. 

1 APRs reflect 0.50% discount for automatic debit from a qualified Cardinal Bank checking account.     

 

 

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