Home Equity Loans

Equity Choice Lines of Credit

TypeTermRateCap Rate
Variable Choice (1st and 2nd Lien with STC)20 YearsHighest Wall Street Prime + 0.00. 14.75%
Variable Choice (1st Lien is with another institution & 2nd Lien is with STC)20 YearsHigh Wall Street Prime + 0.75% 14.75%

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Fee: None for loans of $200,000 or less. Loans of over $200,000, STC will pay the NYS mortgage tax up to $200,000 and the customer will pay anything over that amount. No closing cost.*


*If the loan is closed within 3 years after opening date, customer must reimburse the bank any closing costs paid to third parties in connection with opening this loan, unless the closed loan results in a new STC Home Equity.

Home Equity Loans - Fixed Rate

TermRate
1st & 2nd Lien (with STC)2nd Lien (1st with another institution)
1 - 60 Months4.875%5.50%
61 - 120 Months5.3756.00
121 - 180 Months5.6256.625
181 - 240 MonthsN/AN/A

Fee: None for loans of $200,000 or less. Loans of over $200,000, STC will pay the NYS mortgage tax up to $200,000 and the customer will pay anything over that amount. No closing cost.*


*If the loan is closed within 3 years after opening date, customer must reimburse the bank any closing costs paid to third parties in connection with opening this loan, unless the closed loan results in a new STC Home Equity.