*APR= Annual Percentage Yield of 3.25% APR is for new lines of credit only. Rate may vary and adjust quarterly based on the Wall Street Journal Prime Rate (Index) plus 0.0% APR (Margin) for up to 90% LTV; plus 1.0% APR (Margin) for 91 to 100% LTV. Maximum lifetime interest rate will not exceed 18% APR.
Home Equity Loans and Lines of Credit
100% maximum loan to value (LTV). Loan to Value (LTV) calculation is dependent upon the appraised value of your home. Home Equity products are not available in all states. Real estate must be first or second lien, 1-4 family owner-occupied residential property. Some states charge a mortgage recording tax. Early closing reimbursement fee of $400 will be assessed if Home Equity Loan or Line of Credit closed within the first 12 months after opening; $200 if closed during months 13 to 24.
Homeowners insurance is required. Flood insurance required for properties designated in flood zones. Consult your tax advisor regarding interest deductibility. Equal Opportunity Lender.