Variable Rate Home Equity Lines of Credit

Interest Rates are effective as of October 14, 2014 Check out our full line of Variable Rate Home Equity Lines of Credit including the Equity Select - a Variable Rate Home Equity with a Fixed Rate Payment option.

Equity Select Annual Percentage Rates (APR)  

Variable Rate Option:

Line APR* Current  APR **
$7,500 - $49,999 Prime + 1.00%

4.25%

$50,000 - $99,999* Prime + 0.75%** 4.00%
$100,000 and above Prime + 0.50% 3.75%

  

      Variable Rate: *Prime equals the highest rate identified by the Wall Street Journal as the prime rate in its table entitled "Money Rates" as of the monthly determination date in the agreement. The Prime Rate in effect on 12/16/08 is 3.25%. This rate may vary monthly. Your line is secured by a mortgage on your home and property insurance is required. If your line of credit is paid and your home equity mortgage is discharged within three years of origination, closing costs must be returned to the Bank. 

* No annual Fee

** Have your payment auto deducted from an Evans Bank Account and your Rate will be reduced by 0.25% on lines of $15,000 to $250,000.

Consult a tax advisor regarding deductability of interest.
 

 Click here to Return to Current Rates

Fixed Rate Option:

 

Term

 APR***

 

 5 Years 4.00%
 10 Years 5.25%  
 15 Years 5.75%  

Fixed Rate: *** A monthly payment of $184.18 for a $10,000 loan at 4.0% is based on a five year repayment schedule.

First Conversion to a Fixed Rate Option is FREE.  Each additional conversion request will cost only $100.00.

Your line is secured by a mortgage on your home and property insurance is required. If your line of credit is paid and your home equity mortgage is discharged within three years of origination, closing costs must be returned to the Bank.

Consult a tax advisor regarding deductability of interest.