• Competitive variable interest rate tied to Prime Rate
• During an initial draw period of 9 years, monthly payments are interest-only
• After the 9-year interest-only period, monthly payments are automatically adjusted to include principal and interest for next 15 years or until outstanding balance is paid in full
• One-time option to switch to a fixed-rate loan is available
• No application fee
• No closing costs
• $50 annual fee is waived for the first year
• Other fees may be required

Interest on home equity credit lines may be tax-deductible. Check with your tax advisor.