12 month introductory period on Home Equity Lines of Credit (HELOC) with minimum $5,000 new money required. Introductory period runs for 12 months after line activation date. Rates effective as of 8/8/2014 and are subject to change without notice. This is a variable rate loan. At end of introductory period the variable APR will be calculated using the Wall Street Journal Prime Rate (WSP) on Loan to Value (LTV) less than 80% or WSP + 1.0% on LTV more than 80% with a floor of 4.00%. WSP was 3.25% as of 8/8/2014. The maximum APR is 15% after the intro period ends. The HELOC must be secured by a first or second position mortgage on a primary or secondary, owner occupied residential property. Property insurance will be required. Subject to credit approval.
We have great rates available on our Home Equity term loans as well!