#home loans rates #

Everyone needs extra cash.

6 mth Intro*

Home Equity Line

2.99% APR

3.25% APR

Subsequent Rate

Home Equity Line of Credit

Minimum line of $25,000 to a maximum line of $500,000 with an introductory APR fixed rate of 2.99%* for six months and thereafter a variable annual percentage rate of 3.25%

A home equity line of credit is a revolving, variable rate credit product that uses your home as collateral. The interest that you pay on a home equity line of credit is generally tax deductible. Consult your tax advisor before making any tax-related decisions.

There are a number of things to consider when choosing a line of credit over a fixed term loan.

• Variable payment amounts based on amount of your credit line used.
• Variable interest rates (currently Prime rate + 0%, Minimum 3.25% APR) could change the amount of your monthly payments.
• On-going access to your available credit rather than a one time lump sum.

*Rates shown are subject to change at any time and without notice. All applications subject to individual approval. This line of credit will be secured by an interest in your real estate. The maximum loan-to-value ratio is 80%. Property insurance will be required and title insurance is required on lines over $400,000. The introductory Annual Percentage Rate is a fixed rate of 2.99% for the first six months and requires a minimum draw of $25,000 at closing. After expiration of the 6-month introductory rate period, the APR today is 3.25% which is equal to the highest U.S. Prime Rate in the Wall Street Journal + 0%, this is a variable rate which may increase. Maximum interest rate is 25% and the minimum interest rate after the introductory period is 3.25%. A $30 annual fee is waived the first year. A $250 fee applies for lines closed within twelve months of opening.

Minimum

Home Equity 5 Year Loan

Minimum amount of $50,000 to a maximum amount of $500,000 with a fixed annual percentage rate of 3.49%

A home equity loan is a fixed term, fixed payment loan.

There are a number of things to consider when choosing a fixed term loan over a line of credit.

The Annual Percentage Rates (APR) shown are subject to change at any time and without notice. APR for entire amount borrowed. All loan applications are subject to individual approval. Other terms and conditions apply. If the loan is secured by a first lien on a dwelling, payments do not include amounts for taxes and insurance premiums and the actual payments will be greater. For loans secured by real estate, property insurance will be required and title insurance is required on loans over $400,000. Payment example: The monthly payment per $10,000 loan amount for a 5 year (60 month) loan with a 3.49% APR would be $181.88 .