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| Welcome to Webster Five Cents Savings Bank > Rates > Home Equity Rates |
| 'Flexline' Home Equity Line of Credit (HELOC). |
|---|
| 3.99% APR for the first 3 years, then variable monthly at Prime + 0 (currently 3.25%) for the remaining term (new HELOC customers only*) |
| OR |
| 2.99% APR for the first 2 years, then variable monthly at Prime + 0 (currently 3.25%) for the remaining term (new HELOC customers only*) |
*Existing HELOC customers may qualify by increasing the line by $10,000 or more.
‘Prime’ is the Prime Rate as published in the Wall Street Journal. The Prime Rate is currently at 3.25%.
There are no closing costs and no annual fee. The maximum APR that may be charged is 18.00%. There will be a Floor of 5.00%. You must carry insurance on the property that secures this plan. A termination fee of $350 will be charged if the line is closed out within the first 3 years. The Flexline is only available on owner-occupied single-family homes, 2-4 family homes, and condominiums. Please consult your tax advisor regarding the deductibility of interest.
‘Prime’ is the Prime Rate as published in the Wall Street Journal. The Prime Rate is currently at 3.25%.
There are no closing costs and no annual fee. The maximum APR that may be charged is 18.00%. There will be a Floor of 5.00%. You must carry insurance on the property that secures this plan. A termination fee of $350 will be charged if the line is closed out within the first 3 years. The Flexline is only available on owner-occupied single-family homes, 2-4 family homes, and condominiums. Please consult your tax advisor regarding the deductibility of interest.
