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Home Equity Rate Table
Rates effective as of 1/13/12. Subject to change.
Flex Home Equity Lines of Credit
| Line | APR | Minimum Line/Maximum Line | Product Features |
| Intro. Rate* | 1.49% Intro APR thru 12/31/2012 | $15,000 / $500,000 | No initial draw required. Fixed Conversion features. 10 year draw period. |
| Prime Less 1.00%** | 2.25% | $15,000 / $500,000 | $5,000 initial draw required. Fixed Conversion features. 10 year draw period. |
*Introductory 1.49% Annual Percentage Rate good through 12/31/2012. After the introductory period, rate will be variable equal to the prime rate as published in the Wall Street Journal. Maximum APR is 18%. Minimum APR is 3.25%. **Below Prime 2.25% Annual Percentage Rate is a variable rate based on the prime rate as published in the Wall Street Journal. Prime Rate as of 12/30/2011 is 3.25%. Maximum APR is 18%. Minimum APR 2.25%. For both lines, 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. New lines up to $500,000. Property insurance required. $200 fee if appraisal is required. Early termination fee applies. Property must be primary residence at time of application and to advance on the line. Additional terms and conditions apply. Rates subject to change.
Fixed Home Equity Loan Rates
Additional Home Equity Loan terms available; call 1-877-628-5626.
Monthly
| Term | Points | Interest Rate | APR* | Cost per $1000 |
| 20 Year | 0 | 6.25% | 6.25% | 7.31 |
| 15 Year | 0 | 5.75% | 5.75% | 8.30 |
| 10 Year | 0 | 5.50% | 5.50% | 10.85 |
| 5 Year | 0 | 5.00% | 5.00% | 18.87 |
Bi-Weekly
| Term | Years to Pay Off | Points | Interest Rate | APR* | Cost per $1000 |
| 20 Year | 16 Years 11 Months | 0 | 6.125% | 6.125% | 3.62 |
| 15 Year | 13 Years 1 Months | 0 | 5.625% | 5.625% | 4.12 |
| 10 Year | 8 Years 11 Months | 0 | 5.375% | 5.375% | 5.40 |
| 5 Year | 4 Years 6 Months | 0 | 4.875% | 4.875% | 9.41 |
Fixed Seconds: Minimum loan amount $15,000 and maximum $500,000. No prepayment penalty. No closing costs for LTV below 65% of property value on tax assessment. Refinances of Metro loans ineligible for no closing cost program. Terms from 1 to 20 years available. Bi-weekly loans require automatic payment from a Metro Account.
Home Equity Line of Credit Disclosure
Requirements for Metro Home Equity Lines and Loans: Valuations using tax assessment limited to 65% CLTV. For CLTV above 65% a $200 non refundable appraisal fee is required. Maximum CLTV may be reduced based on loan risk characteristics. Rates are automatically locked at time of application for 30 days. For properties held in realty trusts, borrower pays $75 recording fee, $60 review fee, appraisal fee and other fees apply. Refinances of Metro equity loans ineligible for no closing cost program. Maximum financing if Metro holds first lien: 80% SFR, 75% Condos and 2 units, 70% 3-4 units. Reduce 5% if Metro does not hold first lien. No Closing Cost Program includes mortgage recording, flood certificates, credit reports and title protection. Borrower responsible for all other fees, if any. Loans over $250,000 require a full appraisal. Additional terms and conditions apply.
