Home Equity Rates as of Sunday, August 01, 2010
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'Flexline' Home Equity Line of Credit (HELOC).
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4.99% APR for the first 3 years, then variable monthly at Prime + 0 (currently 3.25%) for the remaining term (new HELOC customers only*) |
| OR |
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3.99% 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.
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Product Type
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Term
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% Down
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APR
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Payment per Thousand Borrowed
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Home Equity Loan -
Fixed Rate First or Second Lien Position |
60 Months
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N/A
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5.49%
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60 monthly payments of $19.10
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| Second Mortage Loan -
Fixed Rate Second Lien Position Only |
120 Months
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N/A
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6.50%
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120 monthly payments of $11.35
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|
180 Months
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N/A
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6.99%
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180 monthly payments of $8.98
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Product Type
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Term
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Note Rate
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APR
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Payment per Thousand Borrowed
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Home Equity Loan - 5-5 Adjustable Rate |
240 Months
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5.49%
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5.059%
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1st 60 monthly payments of $6.88 per thousand, $7.73 per thousand at fully indexed rate of 4.66%
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240 Months
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5.24%*
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4.807%*
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1st 60 monthly payments of $6.74 per thousand, $7.61 per thousand at fully indexed rate of 4.41%
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(Margin 2.25%; Caps 3% per adjustment/6% lifetime; 10-20 year terms available; 2nd Lien Position Only)
*Rate with automatic loan payment deduction from a Webster Five checking or NOW account.
**Index: FHLBB Regular 5-Year Classic Advance Rate (2.41% as of 8/1/2010).
The APR may increase after consummation of the loan.
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.
