Home Equity Line of Credit | Variable Rate

Home Equity Rates
Product Interest Rate APR* Payment per $1,000 Additional Info
15/15 6.500% 6.500% Varies Rate will be 1.000% below Prime** for the life of the loan. Floor is 6.000%. 15 year draw period / 15 year repayment period.
10/15 7.000% 7.000% Varies Rate will be 0.50% below Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 15 year repayment period.
5/15 7.250% 7.250% Varies Rate will be 0.25% below Prime** for the life of the loan. Floor is the start rate. Interest only for 5 years. Repayment after interest-only period is 15 years. No principal payment required until month 61.
10/10 7.500% 7.500% Varies Rate will be Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 10 year repayment period.
15/15 Inv 8.000% 8.000% Varies 1-2 Family Investment Properties; Rate will be 0.50% above Prime** for the life of the loan. Floor is the start rate. 15 year draw period / 15 year repayment period.

First & Second Lien – 1-4 Family (Owner Occupied) Maximum LTV - 80% up to $750,000; 75% for $750,001-$2,000,000; 70% for above $2,000,000
Maximum LTV's for Condos, Planned Unit Developments and Townhouses will be reduced by 5%
**Based on New York Prime Rate as published in the Wall Street Journal.