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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.
|
(Effective: Monday, February 06, 2012) |
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|
Program |
Term |
APR |
Monthly Payments per $1000 borrowed |
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|---|---|---|---|---|---|---|
|
|
4.750% |
$18.76 |
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|
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|
|
5.250% |
$10.73 |
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|
5.750% |
$8.30 |
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*Max LTV: 75% of assessed value, 80% of automated valuation. (LTV - "Loan to Value" to include first mortgage balance.) Appraisal fees (if requested by customer): $350 on S/F Home/$500 for 2-4 Family Homes/Max LTV 80%. An appraisal is mandatory for loan requests over $250,000. For information on a discounted rate with automatic payment deductions and other details, please call the Retail Loan Department at 1-800-696-9401. Rates and terms are subject to change without prior notice. For Home Equity Loan 5-5 Adjustable Rate only: Margin 2.25%; Caps 3% per adjustment/6% lifetime; 10-20 year terms available; 2nd Lien Position Only)Index: FHLBB Regular 5-Year Classic Advance Rate (1.37%). The APR may increase after consummation of the loan. |
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