- You Are Here:
- Home >
- Current Rates >
- Variable Rate Home Equity Lines of Credit
Interest Rates are effective as of July 27, 2010.
Check out our full line of Variable Rate Home Equity Lines of Credit including our One Year Adjustable Line of Credit and our new Equity Select - a Variable Rate Home Equity with a Fixed Rate Payment option.
Equity Select Annual Percentage Rates (APR) (Program I )
Variable Rate Option:
| Line | APR* | Current APR ** |
| $15,000 - $29,999 | Prime + 1.50% | 4.75% |
| $30,000 - $49,999 | Prime + 1.00% | 4.25% |
| $50,000 - $250,000 | Prime + 0.75% | 4.00% |
Click here to Return to Current Rates 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 four years of origination, closing costs must be returned to the Bank.
Consult a tax advisor regarding deductability of interest.
Fixed Rate Option:
|
Term |
APR*** |
|
| 5 Years | 4.25% | |
| 10 Years | 6.00% | |
| 15 Years | 6.75% |
Fixed Rate: *** A monthly payment of $185.31 for a $10,000 loan is based on a five year repayment schedule. 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 four years of origination, closing costs must be returned to the Bank.
Consult a tax advisor regarding deductability of interest.
|
Annually Adjustable Home Equity (Program II - 1 Yr. Adjustable Home Equity)
Click here to Return to Current Rates Variable Rate Option: **** Prime equals the highest rate identified by the Wall Street Journal as the Prime Rate in its table listed "Money Rates" as of the monthly determination date in the agreement. The maximum Annual Percentage Rate (APR) will not exceed 16.90%. The first annual adjustment, and subsequent annual adjustments if any, will be based on the rate in effect on the date the line converts from the introductory rate to the Prime plus 1.50%. Based on the Wall Street Journal Prime Rate in effect on 12/16/08 the APR for Prime plus 1.50% is 4.75%. 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 four years of origination closing costs must be returned to the bank. Consult a tax advisor regarding deductibility of interest. Offer subject to change without notice. Fixed Rate Option:
Fixed Rate: ***** A monthly payment of $185.31 for a $10,000 loan is based on a five year repayment schedule. 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 four years of origination, closing costs must be returned to the Bank. Consult a tax advisor regarding deductability of interest. |