Home Equity Line of Credit
|Type||Interest Rate||Max Term/Months||CAPS||Annual Percentage Rate||Payment per $10k|
|PlatinumBlue1||1.99% 12 mo. 2.74% afterwards||300||Minimum APR 2.74% afterwards Maximum APR 18.00%||1.99% 12 mo. 2.74% afterwards||Variable|
|Type||Interest Rate/Fully Indexed Rate||Max Term/Months||CAPS||Annual Percentage Rate||Payment per $10k|
|10 Year Fixed||6.75%||120||N/A||6.82%||$114.82|
Fees & Charges
- No closing costs or annual fees for PlatinumBlue HELOC. $25,000 minimum draw required at closing. $300 early termination fee. $300 processing fee imposed if the minimum draw of $25,000 is not made at closing and does not stay outstanding for 90 days.
- Fees/closing costs applicable for Equity Loans. Closing costs could range from $500 – $1,500.
Interest may be tax deductible. Please consult a tax advisor.
- 1-4 Family Owner Occupied Residences
- Rates subject to change without notice
- Equity product payments are based on a monthly repayment schedule
- Any borrower obtaining a loan secured by real estate must provide the Bank with satisfactory proof of hazard/homeowner’s insurance
- Subject to credit approval
Primary Lending Area
All cities and towns in Essex, Middlesex and Norfolk counties, Massachusetts. Also: Allston and Brighton, Massachusetts
Bank NMLS# 486283