Home Equity Line of Credit Rates

Product Type	Amount	APR as low as*
Home Equity Line of Credit Owner-Occupied 1-4 Units 80% or less Loan-to-Value	$5,000-24,999	6.500%
	$25,000-49,999	5.250%
	$50,000-99,999	4.750%
	$100,000 or more	4.250%

For loans above 80% loan-to-value or non-owner occupied properties, call (888) 880-9704 to speak with a Home Equity Specialist and receive a personal rate quote.

* The Annual Percentage Rates (APRs) on Home Equity Lines of Credit are based on Prime plus or minus a margin. Prime is the highest Prime Rate as published in the “Money Rates” section of The Wall Street Journal on the last publishing day of the calendar month immediately preceding the billing cycle. The margin may be determined by your credit line amount, credit history, and combined loan-to-value. On 3/31/08, Prime was 5.25% and the APR on Home Equity Line of Credit products with 80% or less LTV ranged from Prime - 1% (4.25% APR) to Prime + 3.25% (10.75% APR). The APRs ranged from Prime + .75% (6.00% APR) to Prime + 4.25%(9.50% APR) on products with 81% to 90% LTV. Prime is a variable rate; as it changes, the APR on your account will change. If during the course of the draw period Prime increases, the amount of your minimum monthly payment will also increase. The maximum APR is 21%, even if Prime plus the margin exceeds this amount. A balloon payment will result at the end of the ten-year draw period. Home Equity Lines of Credit advertised are limited to owner-occupied, 1-4 family principal residences, and are subject to no less than a second lien position on your property. You must carry insurance on the property that secures this loan. Flood insurance required if necessary. There is a $50 annual fee after the first year. Annual fee may be waived for customers participating in certain checking account programs. All third party closing costs are paid by lender in IL, MI, IN, OH and other states with no state or local mortgage, intangible, or stamp taxes. In states where applicable, borrower shall be responsible for state or local mortgage, intangible, or stamp taxes, which range from $5 to $8,750 ($37.50 to $12,750 in NY). Consult your tax advisor concerning the deductibility of interest. The APRs are subject to change without notice. Because your minimum monthly payment during the draw period is interest only, at the end of the draw period you will owe the total principal amount you have borrowed in a lump-sum payment. By paying only the interest due during the draw period, you will not build equity in your home by reducing the principal balance of your loan.

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