Terms and Conditions
The Annual Percentage Rate (APR) is a variable rate based on the highest Prime Rate published in the Money Rates section of The Wall Street Journal on the first business day of the month. Rates subject to change at any time. The maximum APR is 18%. Monthly payments of interest only will result in a balloon payment. No annual fee for the first year - $50 annual fee thereafter. Costs to satisfy certain prior liens may be assessed. Property insurance is required. Flood hazard insurance may be required. Third-party fees and charges ranging from $350 to $1,000 may be assessed at closing. If at the time of closing you set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your HELOC, we will pay the third-party fees and charges previously disclosed to you associated with your HELOC. If at any time during the term of your HELOC you fail to maintain the AFT or ACH, you agree to pay the third-party fees and charges, which will be added to the outstanding balance of your HELOC. If at the time of closing you do not set up an AFT or ACH to make the monthly payment on your HELOC, or if the loan is a purchase money transaction, or secured by a Non Owner Occupied Residences, you must pay the third-party fees and charges. Subject to credit approval.