Nominal Rates and Annual Percentage Rates are Accurate as of December 16, 2010
If you already have a Tempo Bank 1st Mortgage and you are planning to buy a new auto, pay for your children's continuing education, or you want to remodel your home by adding a room addition, a swimming pool, a patio or aluminum soffit, facia or siding, or what ever your home improvement plans call for, Tempo Bank's Home Equity/Home Improvement rates will fit right into your plans. If you do not have a Tempo 1st Mortgage please refer to Effective Local Community.
We post our rates as a convenience to you. Rates are subject to change without notice, when in doubt, please contact the bank.
One to Five Year Home Equity-Fixed Rate
Loan Amounts up to $20,000*:
Stated Term (Maximum) | Amortization Period | Nominal Rate | Annual Percentage Rate |
5 Year | 5 Year | Call For Rates | Call For Rates |
Six to Ten Year Home Equity-Fixed Rate
Loan Amounts up to #20,000**:
Stated Term (Maximum) | Amortization Period | Nominal Rate | Annual Percentage Rate |
10 Year | 10 Year | Call For Rates |
Eleven to Fifteen Year Home Improvement Fixed Rate
Loan Amounts over $20,000***:
Stated Term (Maximum) | Amortization Period | Nominal Rate | Annual Percentage Rate | Total Points |
15 Year | 15 Year | Call For Rates | 0.00% |
* While interest is usually tax deductible, Tempo Bank
strongly recommends that the borrower seek competent advice form
their tax specialist regarding the deductibility of interest
charged in conjunction with the loan products and rates
described on this page.
What is "Odd Days Interest"?
Odd days interest is a variable interest charge paid at loan
closing and represents interest due the lender from the date of
loan disbursal to and including the last day of the month in
which the loan was disbursed. This charge can be as little a 1
day or as great as 31 days depending upon that date loan funds
are disbursed. In the above examples, 1 day odd days interest
was used to perform the annual percentage rate calculation.
A Note About Nominal Rates and Annual Percentage Rates
While nominal interest rates and annual percentage rates are
accurate as of the date specified for the examples provided,
nominal rates and annual percentage rates can and will change
periodically and could be different based upon the unique
circumstances of every loan application filed and the differing
characteristics of the loan products offered or selected by the
applicant(s).
Although this page is reviewed and updated with current rate and
index information no less frequently than weekly, delays and
op-edits can occur. For current nominal rates and annual
percentage rates we suggest that you
contact us.