Use the equity in your home to do repairs, consolidate bills or take a vacation. Park Federal Savings Bank has three different home equity loan products to choose from.

	Fixed Rate Home Equity Loans offer a fixed monthly principal and interest payment for up to ten years.
	Home Equity Line of Credit gives you the flexibility to borrow only what you need.
	Southwest Home Equity Assurance Program allows you to borrow up to $5,000.00 at 0.00% for Home Improvement.

Fixed Rate Home Equity Loans — Rates Effective  November 21, 2008
Term	Rate	APR	Loan Fee
10 Year	7.000%	7.127%	0.50%
10 Year	7.500%	7.515%	0.00%
Rates are listed for 1-4 Family Owner Occupied Residences only. Rates are subject to change without notice.

• The Annual Percentage Rate (APR) of 7.127% is calculated based on a 0.50% loan fee for a loan amount of $100,000.00 at 7.000% amortized over 10 years computing a principal and interest payment of $1,161.08.

Home Equity Line of Credit — Rates Effective  November 21, 2008
Term	Rate	APR	Maximum APR	Type	Loan Fee
5 Year	Prime	Prime	25.000%	Variable	0.00%
Rates are listed for 1-4 Family Owner Occupied Residences only Rates are subject to change without notice.

• Your Regular Payment will equal the amount of your accrued finance charges or $50.00, whichever is greater. You will make 60 of these payments. You will then be required to pay the entire balance owing in a single balloon payment. If you make only the minimum payments, you will not repay any of the principal balance by the end of this payment stream. Your payments will be due monthly. An increase in the ANNUAL PERCENTAGE RATE may increase the amount of your Regular Payment.
   
• If you made only the minimum payment and took no other credit advances, it would take 5 years and 1 month to pay off a credit advance of $10,000.00 at an Annual Percentage Rate of 5.000%. During that period, you would make 60 monthly payments of $38.36  to $42.47 and one final payment of $10,042.47.