Home Equity Loan

Valid as of 10/22/2021 8:53 AM EDT 
Description APR*
Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% 3.75%
Home Equity Line of Credit Loan-to-Value up to 80% 3.25%

HOME EQUITY LINE OF CREDIT: The variable interest rate will be equal to the prime rate or prime rate plus .5% as published in the last issue of the Wall Street Journal on the last day before the current calendar month. For loan-to-value (LTV) up to 80%, the variable interest rate is equal to the prime rate. For a LTV greater than 80% up to 90%, the variable interest rate is prime rate plus .5%. There is a 10-year advance period with a 20-year repayment term (five-year advance period with a 10-year repayment on rental properties) from the date of the last advance. The minimum line of credit amount is $5,000. The monthly payment may vary. The maximum Annual Percentage Rate (APR) is 18%. The minimum APR is 3%.

*APR denotes Annual Percentage Rate