Interest-Only HELOC Promotion

*Interest-Only Home Equity Line of Credit - The promotional rate of 3.99% is valid for the first six (6) months of the loan only. After the six (6) month promotional period, the Annual Percentage Rate (APR) during the revolving period is variable and ranges between WSJ Prime -.25 up to WSJ Prime +1.25 with a floor of 4.0% APR with a maximum APR of 21%. The APR offered is based on the credit characteristics, Loan-To-Value (LTV), and collateral. The term is 10 years.  The loan amount must be $10,000 or greater. Current appraisal and property insurance are required, including flood insurance when applicable. The client pays all fees and costs. A one-time $150 loan documentation fee applies, and all fees may be financed. Maximum loan amounts range from 60%-85% of the home’s value based on the amount borrowed. There is no down payment required. The minimum monthly payment is the interest accrued each month. Interest-only payments will result in a balloon payment of the remaining loan balance at the end of the loan term. Loan example: a $40,000 loan balance with a 10-year term (120 months) and an APR of 6.00% has a minimum monthly payment amount of $200. All rates and terms are subject to credit approval and can change without notice. The promotional period begins on the date the account opens. The offer ends on August 29, 2025.