| Fixed Rate Equity Loans Fixed rate for the life of the loan. | ||||||||||||||||||||||||
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| Prime Equity Lines of Credit We designed our credit lines to fit you and your lifestyle. There are no closing costs, plus the interest you pay may be tax deductible. | ||||||||||||||||||||||||
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*Some rates not available in all areas. All loans issued by major financial institutions whose rates and terms are subject to change without notice. Some restrictions apply. All loans are subject to credit approval, appraisal and satisfactory title examination. A $306 "early closure" fee applies to all loans closed in the first 36 months. Non members are required to pay some closing costs which will affect loan APR. Other rates, terms and amounts available. | ||||||||||||||||||||||||
| **The annual percentage rate is based on the value of an "index", which is the PRIME RATE AS PUBLISHED IN THE WALL STREET JOURNAL minus 1.00% for the loan term. We will use the most recent index value available to us as of the date of any annual percentage rate adjustment. Daily rate adjustments are based on changes in the index (as of October 8, 2008, rate was 4.50%). Rate adjustments will be based on the index (Prime) minus 1.00%. Rate is variable. Minimum Line of Credit is $100,000. A $306 "early closure" fee applies for all loans closed out during the first 36 months. The maximum APR is 18% in Massachusetts and 21% in Rhode Island. Maximum loan to Value requirements apply. Certain loan termination costs may apply. Property insurance required, flood insurance may also be required. |