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*Variable Annual Percentage Rate (APR) of Prime is based on The Wall Street Journal Prime Rate (“Prime”) and will remain in effect until maturity. Since your APR is tied to the Prime rate, it can change monthly; there is no limit on the amount by which the APR can change during any one year period. However, under no circumstances will your APR exceed 18% per annum or go below 5.00% per annum at any time during the term of the loan. Home Equity Lines of Credit are available with a minimum loan amount of $50,000 and require automatic payments from an Eagle National Bank checking account. Without auto payment, the interest rate is Prime plus 1%. The bank may lend up to 80% LTV if certain underwriting terms and conditions are met. Property insurance is required; flood insurance may be required. $150 processing fee applies. All applications are subject to credit approval. Other restrictions may apply. Rate offer subject to change without notice and may be withdrawn at any time. Lesser loan amounts are available. Please contact a Bank representative for details. |