|Home Equity Line of Credit 1st or 2nd Lien
||5.75% to 6.80%
*APR stands for Annual Percentage Rate. The APR is based on the Prime Rate as published in the Wall Street Journal (as of the last day of the previous month). All loans are subject to approval; your rate will vary based on credit performance. Loan rates are in effect as 1st day of each month, and subject to change without prior notice. Your variable APR may increase or decrease monthly. The minimum APR at any time is 4.50%. The maximum APR at any time is: (i) the sum of your initial interest rate plus 6.75 percentage points (6.75%); or (ii) 18.00%; whichever is less. Other than the minimum and maximum APR that can apply at any time to this account, your interest rate cannot increase or decrease by more than 1.25 percentage points (1.25%) during each calendar year. Rates apply to new Home Equity Loans or Home Equity Loans refinanced from other institutions.
HELOCs are available on your primary residence only. Loan amounts range from $10,000 to $400,000. Home Equity Lines of Credit have a 10 year draw period with a 10 year repayment time-frame. The minimum draw amount is $4,000. The HELOC Minimum Payment Requirements: Your minimum monthly payment will be calculated after each credit advance and will be the greater of $75.00 or 1.2% of the principal balance plus interest. NMLS# 680740.