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Best use:
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Line of credit from $15,001 to $100,000 with variable interest rate.
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Line of credit from $1,000 to $15,000 with variable interest rate.
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Fixed interest rate loan. Loan amount based on credit approval.
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Term:
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5 years
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5 years
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Up to 3 or 4 years, based on amount borrowed.
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Collateral:
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Unsecured or secured by primary or secondary residences
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Unsecured
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Unsecured
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Extras:
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- 0.25% rate discount with auto pay from an Umpqua Bank deposit account
- No annual fee for the first year
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- No annual fee for the first year
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- 0.50% discount off above rates with auto pay from an Umpqua Bank deposit account.
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Minimum monthly payment:
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Interest only with balloon payment at maturity
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2% of principal balance or $25, whichever is greater
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Principal and interest amortized for term of loan with $50 minimum amount due
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Closing costs:
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N/A
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N/A
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N/A
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One-time origination fee:
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1% of credit line or $250, whichever is greater
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N/A
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$100
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Fixed interest rate:
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N/A
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N/A
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N/A
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Optional Lock in Feature
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N/A
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N/A
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N/A
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Lock in fee:
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N/A
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N/A
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N/A
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Early closure penalty:
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N/A
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N/A
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N/A
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Lock in term:
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N/A
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N/A
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N/A
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Late payment fee:
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CA: Greater of $5 or 5% of any minimum payment not paid within 10 days after due date.
NV, OR & WA: 5% of any minimum payment not paid within 15 days after due date.
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CA: $10 on any minimum payment not paid within 10 days after due date.
NV, OR & WA: Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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CA: $10 on any minimum payment not paid within 10 days after due date.
NV, OR & WA: Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Annual fee:
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$75 (waived first year)
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$35 (waived first year)
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N/A
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Lock in fixed rate:
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N/A
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N/A
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N/A
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Amount you may lock in:
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N/A
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N/A
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N/A
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Advance options:
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Check (minimum $100), in-store advance, transfer via online banking and telephone transfer.
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Check (minimum $100), in-store advance, transfer via online banking and telephone transfer
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N/A
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Other possible fees:
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- Stop payment: $28 per item
- Returned NSF check: $35 per item
- Advance less than minimum amount: $20 per item
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- Stop payment: $28 per item
- Returned NSF check:$35 per item
- Advance less than minimum amount: $20 per item
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n/a
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The fine print:
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All accounts subject to credit approval.
1 Click "Rate details" for rate information. Rates shown are effective as of 05/07/2012. The variable Interest Rate and corresponding Annual Percentage Rate (APR) are based on the Wall Street Journal Prime Rate (the "Index"), currently 3.25%, plus a margin (spread). The margin is determined based on the amount of the approved credit line and Bank evaluation of the borrower's credit score and credit history. Rates are subject to change monthly based upon changes in the value of the Index. Minimum APR: 5.00%. Maximum APR: 18%. Closing costs range from $500 to $3000 for accounts secured by borrower's residence. Property insurance required; flood insurance is also required if property is in a special flood hazard area.
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All accounts subject to credit approval.
1 Click "Rate details" for rate information. Rates shown are effective as of 04/15/2013. The variable Interest Rate and corresponding Annual Percentage Rate (APR) are based on the Wall Street Journal Prime Rate (the "Index"), currently 3.25%, plus a margin (spread). The margin is determined based on the amount of the approved credit line and Bank evaluation of the borrower's credit score and credit history. Rates are subject to change monthly based on changes in the value of the Index. Minimum APR: 6.00%; maximum APR: 18.00%.
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All loans subject to credit approval.
1 Click "Rate details" for rate information. Rates shown are effective as of 12/10/2012 and are subject to change without notice. The loan interest rate is based on the approved loan amount and Bank evaluation of the borrower's credit score and credit history. The disclosed range of Annual Percentage Rates (APRs) take into account the $100.00 loan origination fee and $50.00 minimum payment requirement. A $1,000.00 loan with a 3-year term, 10.25% interest rate and 19.95% APR would be repayable in 24 monthly payments approximately $50.87 each. A $5,000.00 loan with a 4-year term, 9.25% interest rate and 10.28% APR would repayable in 48 monthly payments of $127.49 each.
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Rate details:
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