April 9th 2024 Case study - Yes or No

[Joshuam R.]

15yr Fixed equity loan base rate could be as low as 10.25% at 100% loan to value, with a base APR as low as 10.25%. With a promotion of
Navy Federal will pay for closing cost and appraisal if needed. So all you might end up paying would be small fees not part of closing, title, settlement, etc.

example $68,457 would be $745.15 a month.

Who are actively pursuing such equity loan products? and or your thoughts on this.