Home Equity Credit Rates

Home Equity Lines of Credit

Home Equity Line of Credit Annual Percentage Rates (APRs) are available to customers who open a line of credit for the stated amounts. APRs are subject to change monthly and reflect a .26% discount for having payments made automatically from a checking or savings account. Index is the Prime Rate as published in The Wall Street Journal plus a margin. Property must be 1-4 family owner-occupied home or condominium located in our lending area.

Rates effective December 18, 2011

Fixed-Rate Home Equity Loans

Terms: 5 and 10 year

Minimum Loan Amount: $10,000.

Property must be 1-4 family owner-occupied home or condominium located in our lending area.

Rates effective December 18, 2011

Disclosures for Home Equity Loans and Lines of Credit

Available for 1-4 family owner occupied residences located in our lending market within MA. Maximum loan-to-value (LTV) of 80% of appraised value or an LTV of 75% of the assessed value. Property insurance required. Accounts subject to individual approval. No closing costs except for cooperatives and properties held in a trust. Offers subject to change without notice. See a personal banker for details.

Home Equity Line of Credit

The APR may vary monthly and will be based on the Prime Rate as listed in The Wall Street Journal (Prime) plus a margin and will not be less than 2.99% APR or more than 18.00% APR. As of December 18, 2011 the Prime Rate is 3.25%. The APR will also depend on the amount of the credit line that we approve. For lines of $100,000 to $500,000, the APR will be Prime - .26%, currently 2.99% APR. For credit lines between $50,000 and $99,999, the APR will be Prime + .74%, currently 3.99% APR. For credit lines between $10,000 and $49,999, the APR will be Prime + 1.10%, currently 4.35% APR. All APRs reflect a .26% Autopay discount. In some instances, your APR calculation could result in a fully indexed APR below the minimum APR of 2.99%. If this occurs, your APR will not be less than 2.99%. $40 Annual Fee for Home Equity Line of Credit is waived for first year. Early termination fee of $350 applies if Line terminates within 24 months of closing. Other terms, conditions and restrictions apply.

Fixed-Rate Home Equity Loan

As of December 18, 2011 , a 4.49% APR is available for a 5-year loan with a minimum $50,000 borrowed amount. A $50,000 loan at 4.49% APR for 5 years requires 60 monthly payments of $931.93. As of December 18, 2011 a 6.25% APR is available for a 10-year loan with $10,000-$49,999 borrowed amount. A $25,000 loan at 6.25% APR for 10 years requires 120 monthly payments of $280.70. If your loan is a first lien loan, these payment examples do not include taxes or insurance and therefore your payments may be greater.