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Prime Rate: 3.25% + Margin = Start Rate
• 30-Year Variable Rate (Index plus Margin) • 10-Year Interest Only Draw Period with a 20-Year fully amortizing repayment period. Lifetime Rate Cap / Floor ... Appraisal Requirements • A Prior-Use Appraisal is acceptable subject to validation by a Collateral Desktop Analysis
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Home Equity Lending Matrices - Spring EQ
assets.springeq.comHome Equity Lending Matrices SPRING EQ LLC | NMLS ID #1464945 | T: 215-302-3850 | 2929 ARCH ST. STE 500, PHILADELPHIA, PA 19104 Home Equity Lines of Credit Release Date: 1/1 1/202 2 Minimum FICO Max CLTV Owner Occupied 2nd Home Investment FICO / CLTV / Occupancy Maximums 740+ 97.5% 80% 700- 739 95% 680- 699 90% . 640-679 85%
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