We offer home equity lines of credit at rates as low as Prime minus 0.5% (see chart below) that allow you to take advantage of the equity you have built up in your home. Because this is a revolving line, you can borrow, repay and borrow again, for any reason you wish by simply writing a check. These lines can be used for many purposes, such as financing home repairs, college tuition, automobile purchases, bill consolidation, and vacations.

Key features of our home equity line program include:

• Rate floats with the Wall Street Journal Prime Rate
• Prime minus 0.5% with autopay from a Provident checking account
• Availability up to $200,000
• Ten-year interest only draw period
• Fifteen year repayment period
• Easy access of funds  
• Interest payments may be tax deductible (please check with your tax advisor) 

Rates as of Friday, May 18, 2012
Interest Rate	Annual Percentage Rate	Payments	Apply
HELOC - Rate is based on Wall Street Journal Prime Rate minus 0.50%, adjusted monthly, with auto pay (floor 4.5%)
4.500%	4.500%	Show Payments and Rates

• Annual Percentage Rate (APR) adjusts monthly based on the Wall Street Journal Prime Rate (Prime) minus 0.50% with auto pay from a Provident checking account; minimum APR 4.5% (floor); maximum APR 18%.  
• If the auto pay is cancelled, the rate reverts to Prime, adjusted monthly, with a 5.0% floor.
• We will lend up to 80% of the value of your home less the first mortgage balance; limitations may apply based on loan amount, property type, lien position and borrower credit rating.
• Loan amounts $25,000 and above, the Bank pays customary legal and recording costs. The appraisal fee (if required) will be credited back at closing. If the loan is paid off within three (3) years of opening, an early termination fee of $350 will be assessed.
• Loan amounts less than $25,000, the borrower pays appraisal fee (if required) plus legal and recording costs with no early termination fee assessed. Minimum loan amount $10,000.
• Non-customary legal fees required to clear title issues or dealing with properties held in a trust are paid by the borrower; title insurance fees for 1st mortgage liens greater than $100,000 are paid by the borrower.
• If the line of credit is not used during each 12-month period, a $50 inactivity fee will be assessed.
• Subject to credit approval and clear title; posted rates limited to owner occupied properties not listed for sale; property insurance required; normal underwriting terms and conditions apply. 
• Rates subject to change without notice.