

*Introductory rate only applies to loans with a total loan-to-value (LTV) of 80% or less. The initial APR will remain in effect for 180 days from the date of agreement, and will be a fixed Annual Percentage Rate (APR) of 2.99%. Thereafter, the rate will change to the then in effect variable rate APR (As of 5/8/13 the rate would be the Wall Street Journal Prime + 1 % (4.25%) with a floor APR of 3.75%). As of 5/8/13 WSJ Prime is 3.25% The maximum APR is 16%. A prepayment penalty of $500 will apply if the line is closed within 24 months of agreement. Monthly payments of interest only will result in a balloon payment due at maturity. Rates may vary and are subject to change after the initial APR. Rates are indexed to the Wall Street Journal Prime rate. Evidence of adequate property insurance is required, along with a mortgage on the property. A property valuation fee will apply, and ranges from $125-$450. Consult a tax advisor for further information regarding deductibility of interest and charges. Offer subject to credit approval and is available on new lines of credit only.
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