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Home Equity Loan The power of your house

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  • Extra Financial Muscle

    Houses are big investments, and home equity loans and lines of credit let that investment do some heavy lifting. Remodel that kitchen, consolidate high interest debt, or pay for college tuition. Your interest might be tax deductible (consult a tax adviser), and because the loan is backed by your house, you get incredibly low rates.

     

    • Competitive low rates
    • Generous limits—up to 80% of your home’s value
    • Unbeatable service

    Home Equity Loan

    A single sum of cash to fund your next project, whether that’s sending a kid to college or putting in a pool. Your home guarantees a fixed, low interest rate.

    Home Equity Line of Credit

    A home equity line of credit gives you easy access to extra funds for life’s unexpected speed bumps. You won’t pay interest on anything you don’t withdraw, but the money is there if you ever need it.

    Home Equity Loan Payment

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    Fund whatever's next

    We'd love to begin a conversation about how your house can help fund whatever's next in life. Apply for a home equity loan online, in person, through the mail, or over the phone.

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  • Home Equity Loan Rates

    Description Rate Term Apply
    Home Equity Loan – Fixed* 4.625% (c) 15 Years. Other rates & terms availableApply Now
    Home Equity Line of Credit 4.500% (d) Promotional Rate* 25 YearsApply Now

    Rates are subject to change without notice.

    *Closing costs can and do vary based on housing type, loan amount and other factors. For an accurate estimate of these costs, please contact our Real Estate Department for a Good Faith Estimate for your loan scenario.

    (a) Rate expressed is the Note Rate, for a 15 year loan, actual APR is 3.71% calculated using a loan amount of $726,525 and standard estimated closing costs.
    (b) Rate expressed is the Note Rate, actual APR is 4.29% calculated using a loan amount of $1,000,000 and standard estimated closing costs.
    (c) Rate expressed is the Note Rate, actual APR is 5.14% calculated using a loan amount of $250,000 and standard estimated closing costs.
    (d) Adjustable Rate, the initial rate will be 4.5% for the first 6 months (promotional rate), thereafter will adjust monthly to match the Prime Rate at that time. The minimum rate of 4.5% (floor) and maximum rate of 16% (ceiling). Payments are “Interest Only” during draw period of 10 years, then amortized principal and interest for remaining term of 15 years. Prime Rate is currently 5.50%, initial APR is 5.59%.

    (e) Adjustable Rate Mortgage (7/1 ARM), the initial interest rate is 3.500% for the first 7 years. Thereafter, the Rate will adjust annually based on the index plus the Margin. The index is the Constant Maturity Treasuries (CMT) and the Margin is 2.75%. As of 5/23/19, the CMT index was 2.32%. The Rate may not increase more than 2% per year (adjustment cap) and not more than 5% greater than the initial Rate for the life of the loan (Lifetime Cap). The APR is 4.80%.

    (f) Adjustable Rate Mortgage (5/1 ARM), the initial interest rate is 3.250% for the first 5 years. Thereafter, the Rate will adjust annually based on the index plus the Margin. The index is the Constant Maturity Treasuries (CMT) and the Margin is 2.75%. As of 5/23/19, the CMT index was 2.32%. The Rate may not increase more than 2% per year (adjustment cap) and not more than 5% greater than the initial Rate for the life of the loan (Lifetime Cap). The APR is 4.87%.

Home Equity Loan Disclosures
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