*Subject to credit approval with a minimum credit score of 680. Introductory Rate is a fixed Annual Percentage Rate (APR) of 3.75% for three (3) years. Introductory APR available with combined loan-to-value (LTV) ratio (including prior mortgages or liens) of 80% or less. The APR available will not increase during the fixed period following the date of account opening and is not based on an index or margin used for later rate adjustments. Finance charges begin the date a transaction is posted to your account. Introductory Rate assumes the Home Equity Line of Credit (HELOC) is on a primary residence. Other factors, such as loan amount, loan purpose and borrower occupancy may affect the Introductory Rate. After the Introductory Rate period, the APR may vary for the remaining life of the loan. The APR in use will be the Prime Rate that is published in the Wall Street Journal “Money Rates” table as of the previous business day of the preceding month.To determine the APR, we add a 2% margin to the value of the index. As of September 24, 2014, the variable APR would have been the Introductory Rate (3.75% which is the minimum rate under the plan, to 5.25%). After the Introductory Rate period, the APR can change monthly, but will not be lower than 3.75% or exceed 20%. The HELOC has a draw period of ten (10) years and a balloon payment will result if only the minimum monthly payment is made. Hazard and flood insurance, as applicable, is required and must be carried on the property that secure this HELOC. In addition, an appraisal
fee of $250 will be due upon conditional approval. Minimum credit line is $5000. Payments will vary based upon the balance amount and interest charges.
**Consult your tax advisor for tax benefits.