Home Equity Lines of Credit Rates

Home Equity Lines of Credit Rates

Effective July 30, 2016

Loan Type Approximate Term APR1
Home Equity Line of Credit
80% or less combined-loan-to-value
10 year draw
Up to 20 year repayment
2.99% intro rate fixed for 24 months.
After that, the rate will be WSJ Prime + a margin. Currently 3.50%+1%=4.50%
100% Home Equity Line of Credit
80.01%-100% combined-loan-to-value
10 year draw
up to 20 year repayment
4.49% intro rate fixed for 24 months.
After that, the rate will be WSJ Prime + 2.5% margin. Currently 3.50%+2.5%=6.00%

What you should know about Home Equity Lines of Credit

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