A $75,000 high-LTV home equity loan is a loan provided to a new customer with average income and no other relationship to the lender based on the customer''''s equity in an owner-occupied, one-unit, single-family dwelling. All quotes apply to the entire FICO range of 660-719 and is based on a cumulative loan to value (LTV) for the property in excess of 80 percent (including all mortgages and the home equity loan). The term is 60 months. A lien must be placed on the property as part of the processing of the loan. If the institution offers a no closing cost loan, this is the product that is listed. If the institution does not offer a no closing cost loan, the closing costs are noted in fees and conditions. The rate may represent a range. If this is the case, an explanation will be provided in the fees and conditions field. The rate in the table is the stated rate (the rate that the lender says most borrowers are given), if the range does not include the notation avg (average). The rate represents an average, where the notation avg appears indicating that the lender does not offer a stated rate. If the lender provides a discount on the rate with an auto debit feature, it is noted in fees and conditions.
