HELOC_2018 Fall

*Limited time only. Annual Percentage Rate of 4.99% is fixed for twelve months and then becomes variable daily. Five year term. Rate will change to a variable rate equal to the Wall Street Prime Lending Rate with a floor of 5.25% APR. Maximum APR during the term of the loan is 18%. Loan to Value (LTV) must be 80% or less to qualify for the promotional rate. Other rates and terms are available for higher LTVs. Customer rate may be higher depending on the loan to value and other credit factors. Must be secured with Owner-Occupied Primary Residence. Minimum loan amount of $10,000. Appraisal may be required at borrower’s expense. Annual maintenance fee of $50.00 will be charged on the anniversary date of the loan. Other fees ranging from $200.00 - $400.00 may apply. Property insurance required at borrower’s expense. Minimum payment example with initial immediate advance of $10,000.00: At an APR of 5.25%, if you made only the minimum monthly interest payment and took no further advances, you would make 59 payments of $43.75 with a balance due of $10,000.00 plus accrued interest at the end of the five year period. If maximum APR of 18% is reached, your monthly payment would be $150.00 for 59 payments with a balance due of $10,000.00 plus accrued interest at the end of the five year period. A balloon payment will result. Offer good from September 5, 2018 through October 31, 2018. New consumer loans only. Consult your tax advisor regarding deductibility of interest.

For more information on our Home Equity Lines of Credit:


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