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| 1 APR = Annual Percentage Rate. Introductory rate offer good on applications received 4/29/13 through 8/3/13 on 15-year Home Equity Line of Credit (HELOC) program. All loans subject to credit approval, verification and collateral evaluation. Refinance of Broadway Bank Home Equity Loan or Line of Credit requires $10,000 new money. To obtain introductory rate on existing bank HELOC, account must be at least 24-months-old and approved for a $25,000 line amount increase. Rates, terms and conditions are subject to change without notice. Variable rate shown is for lines $50,000 and over and assumes excellent borrower credit history. Introductory rate of 1% APR is fixed for the first 6 months. Thereafter, Home Equity Line of Credit rates are variable and are calculated by adding a margin to the Wall Street Journal Prime rate as published in the Wall Street Journal. As of 4/26/13 the Wall Street Journal Prime rate was 3.25% and the APR range was 3.99%-11.49%. Maximum APR is 18%. We will set your variable APR based on your individual circumstances including your credit history, loan amount, loan term, and our internal credit criteria. 2 Standard closing costs up to $300 are paid by the bank and may include a title search, credit report, property inspection, flood certification, and filing fees. Does not include appraisal, title insurance and survey costs if required. Property insurance will be required including flood insurance where applicable. Other closing costs can range from approximately $350 (on lines up to $150,000) to $4,000 (on lines above $150,000 to $250,000). All home equity lines must be secured by a 1-4 family, owner-occupied primary residence. Conditions and restrictions apply. Larger lines and other programs available. Please ask us for details. 3 Consult your tax advisor regarding deductibility of interest. | ||
