Elements Of Home Equity Loan
Home equity loans enable you to access a portion of the available equity to finance your personal needs. Elements of home equity loans are: Equity: It is the actual value of homeowner's share in the property i.e. actual market value minus any attached liens or pending mortgage payments. Interest Rate: It is a percentage of the loan amount charged by the lender for use of its money. It is expressed as an annual percentage of mortgage amount yet to be repaid. Appraised Property Value: It is an estimated market value of the property determined by a licensed appraisal inspector appointed by the lender. Repayment Capacity: It measures the ability to repay the loan and is calculated by considering income from all sources, monthly expenses, existing debts, etc. Fort Hood National Bank www.fhnb.com TJ Mills Building 109, TJ Mills Boulevard, Fort Hood, TX 76544
Warrior Way Building 85006, Fort Hood, TX 76544
Clear Creek Road Building 50005 Clear Creek Road, Fort Hood, TX 76544
FHNB Cove 210 Constitution Dr., Ste. A, Copperas Cove, TX 76522
Main Exchange Building 4250 Clear Creek Road, Fort Hood, Texas 76544
West Fort Hood Building 91079 Clarke Rd., Fort Hood, TX 76544
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