Home Equity Loan

Valid as of 07/7/2022 6:38 AM EDT 
Description APR*
Home Equity Line of Credit Loan-to-Value greater than 80% to 90.00% 5.25%
Home Equity Line of Credit Loan-to-Value up to 80% 4.75%

HOME EQUITY LINE OF CREDIT: The APR for variable advance(s) will be equal to the Prime Rate as published in the last issue of the Wall Street Journal on the last day of before the current calendar month or the Prime Rate plus a margin. For loan-to-value (LTV) up to 80%, the APR for variable advance(s) is equal to the Prime Rate. For an LTV greater than 80% up to 90%, the APR for variable advance(s) is Prime Rate plus a margin. There is a 10-year advance period with a 20-year repayment period (5-year advance period with a 10-year repayment period on rental properties) from the date of the last advance. There is no required minimum advance amount. Advances can only be made up to approved credit limit and to extent there is available credit. The minimum line of credit amount is $5,000. The monthly payment may vary. The maximum APR is 18%. The minimum APR is 3%.

*APR denotes Annual Percentage Rate