Click here to apply today for our Home Equity Line of Credit Special Offer of 2.22% fixed for 12 months. This special is for new home equity applicants only.   After the initial fixed rate period, the rate adjusts monthly based on the Wall Street Journal Prime Rate (see chart below).  Our convenient line of credit allows 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 special home equity line include:

• 2.22% Initial Fixed Rate for 12 months (see details below) 
• 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 - NEW APPLICANT SPECIAL - Rate is fixed for 12 months, thereafter based on Wall Street Journal Prime Rate minus 0.50%, adjusted monthly, with auto pay (floor 3.99%)
2.220%	2.220%	Show Payments and Rates

• Initial Annual Percentage Rate (APR) fixed for 12 months then adjusts monthly based on the Wall Street Journal Prime Rate (Prime) minus 0.5% with auto pay from a Provident checking account; minimum APR 3.99% (floor); maximum APR 18%.
• If auto pay is cancelled, the rate reverts to Prime, adjusted monthly, with a 5% 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.