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Home Equity Rate Table

Rates effective as of 11/01/14.  Subject to change. 

Flex Home Equity Lines of Credit

LineAPRMinimum Line/Maximum LineProduct Features
Prime Less .50%2.75% APR**$25,000 / $500,000Fixed Conversion features. 10 year draw period.

 

**Annual Percentage Rate 2.75% is 0.50% below prime and is a variable rate based on the prime rate as published in the Wall Street Journal. Prime as of 10/31/14 is 3.25%. Maximum APR is 18%. Minimum APR 2.75%.

Loan to value not to exceed 80% or 75% for condos. LTV may be reduced based on creditworthiness. Available for 1-4 family primary residences in MA or southern NH. Property insurance required. Early termination fee of $500 applies to lines closed within the first 36 months, not to exceed 2% of original loan limit. $130 to $525 fee if appraisal is required. Property must be primary residence at time of application and to advance on the line. NMLS# 198524.

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Fixed Home Equity Loan Rates

Additional Home Equity Loan terms available; call 1-877-628-5626. 

Monthly

TermPointsInterest RateAPR*Cost per $1000
20 Year05.25%5.25%$6.74
15 Year04.50%4.50%$7.65
10 Year04.25%4.25%$10.24
5 Year03.50%3.50%$18.19

Bi-Weekly

TermYears to Pay OffPointsInterest RateAPR*Cost per $1000
20 Year16 Years 11 Months05.25%5.25%$3.37
15 Year13 Years 1 Months04.50%4.50%$3.82
10 Year8 Years 11 Months04.25%4.25%$5.12
5 Year4 Years 6 Months03.50%3.50%$9.10

Fixed Seconds: Minimum loan amount $35,000 and maximum $500,000.  Loan to value not to exceed 80% or 75% for condos. LTV may be reduced based on creditworthiness. If required, appraisal fee of $130 to $525 applies. No prepayment penalty. Bi-weekly loans require automatic payment from a Metro Account. $140 review fee if property is in a trust. NMLS# 198524.

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Home Equity Line of Credit Disclosure