Home Equity Line of Credit
Home Equity Line of Credit minimum monthly payment will be based on the outstanding balance.
For Home Equity Line of Credit up to 80% LTV / CLTV, variable rate is based on Prime rate minus 0.50%
For Home Equity Line of Credit 80.01 – 100% LTV / CLTV, variable rate is based on Prime rate plus 1.00%
APR can change each quarter.
The maximum APR is 18.00%
Rates are subject to increase after consummation.
Current Prime rate : 5.50%