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. Index is the Prime Rate as published in the Wall Street Journal on the last business day of each month plus a margin. Property must be 1-4 family owner-occupied home or condominium located in our lending area.

For a limited time, we're offering a special, low, fixed rate for the first six months (billing cycles) after closing. Thereafter, the following fully-indexed, variable rates will apply:

Rates effective July 14, 2010

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 July 14, 2010

FlexRate Home Equity Loans

Terms: 15 Year

Minimum Loan Amount: $10,000

Features:

A 15 year term and pay only our 10 year home equity loan rate for the first 10 years of the loan
One-time rate adjustment in 11th year. Interest rate adjustment based on 5 year treasury index in effect in the 11th year of the loan and interest rate adjustment is capped at 2.00%.

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

Rates effective July 14, 2010

*APR reflects the Current Rate for the first 10 years of the loan and an adjusted rate for the last 5 years of the loan using the 5 Year Treasury Index as of July 14, 2010 . APR disclosed to Applicant may vary. Offer subject to change without notice.

Disclosures for Fixed Rate and FlexRate Home Equity Loans and Home Equity Lines of Credit

Disclosures for all 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. Offer subject to change without notice. See a personal banker for details.

Home Equity Line of Credit

The 2.59% Annual Percentage Rate (APR) is a promotional rate that will be in effect for the first six billing cycles following closing, regardless of whether your credit line has an outstanding balance. Thereafter, the APR may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal (Prime) plus a margin. However, upon expiration of the promotional rate, the APR will not be less than 3.99%APR or more than 18.00% APR. As of July 14, 2010 the Prime Rate is 3.25%. The APR will also depend on the amount of the credit line that we approve. For credit lines of $100,000 or more, the APR will be Prime + .74%, currently 3.99% APR. For credit lines between $50,000 and $99,999, the APR will be Prime + 1.00%, currently 4.25% APR. For credit lines between $10,000 and $49,999, the APR will be Prime + 1.25%, currently 4.50% APR. In some instances, your APR calculation that we use after your promotional rate expires could result in a fully indexed APR below the minimum APR of 3.99%. If this occurs, your post-promotional APR will not be less than 3.99%. $40 Annual Fee for Home Equity Line of Credit is waived for first year. Early termination fees apply. Other terms, conditions and restrictions apply.

Fixed Rate Home Equity Loan

As of July 14, 2010 , a 4.99% APR is available for a 5-year loan with a minimum $50,000 borrowed amount. A $50,000 loan at 4.99% APR for 5 years requires 60 monthly payments of $943.50. As of July 14, 2010 a 6.49% APR is available for a 10-year loan with $10,000-$49,999 borrowed amount. A $25,000 loan at 6.49% APR for 10 years requires 120 monthly payments of $283.75.

FlexRate Home Equity Loan

As of July 14, 2010 a 5.811% APR is available for a minimum $50,000 loan. The FlexRate Loan has a fixed interest rate for the first 120 months. The interest rate for the remaining 60 months will be based on the calculation defined below. Interest rate adjustment based on 5 year treasury index in effect before the interest rate change date. Written notification of the interest rate, payment amount and loan balance will be supplied 30 to 60 days before the interest rate change date. Payment example using the current interest rate and index as of July 14, 2010 . A $50,000 loan at a 5.99% rate for the first 10 years of the 15 year term requires 120 monthly payments of $421.66. Beginning with the 121st payment, the interest rate applied to the remaining balance could be as low as 3.99% and there would be 60 monthly payments of $401.67. The interest rate adjustment after the 120th month is subject to a 2% cap above or below the initial rate and is based on 2.25% margin above the noted treasury index.