Tri City National Bank: Consumer Loans: Home Equity Loans

Doing some remodeling? Kids starting school? Getting married? Everyone can use some extra money. Tri City National Bank Home Equity Loans are an effective way to get things done.

Home Equity Loan

		Regular payments at a fixed rate
		Reduce monthly payments by taking up to 20 years to pay
		Use for a major purchase or remodeling
		Refinance higher rate debt
		Interest may be tax deductible (Consult your tax advisor)

* The monthly payment does not include amounts due for homeowner�s insurance, property taxes or flood insurance (if applicable). These additional charges will increase your monthly payment if they are escrowed.

Annual Percentage Rates (APR) are subject to approved credit and 15% available equity. Rates subject to change daily and other restrictions may apply. Rates quoted are based on rates offered to existing Tri City customers with acceptable credit history and an automatic debit from a Tri City account. APR is fixed for initial term of loan and subject to change at renewal. Depending on the amortization schedule selected, a balloon payment may be required at maturity. Tri City National Bank�s Home Equity Loans require a mortgage on your home, failure to pay your loan could result in loss of your home. Homeowner�s insurance is required and flood insurance may be required on the property used as collateral.

Home Equity Line of Credit

		Use one loan many times for different purposes
		Write a check to access your money when ever you need to
		Interest may be tax deductible (Consult your tax advisor)

Rate (variable)	APR	Term	Payment
Prime + 0.00% Prime is currently 3.25%	4.50%	36	Interest only due monthly-A balloon of the entire outstanding balance will be due at maturity.

The Annual Percentage Rates (APR) are variable and subject to change at any time without notice. The APR is based on the value of an index. The index is the highest prime rate published in the Wall Street Journal �Money Rates� table. To determine the annual percentage rate that will apply to your line, we add a margin to the value of the index. Contact us for your current index and margin. APRs are subject to approved credit and 20% minimum availability. Other restrictions may apply. Loans have a 36-month term; if only the minimum monthly payments are made, you will not reduce the principal balance of the loan and a balloon payment will be required at maturity. The APR will not exceed 18%. Tri City National Bank�s Home Equity Lines require a mortgage on your home, failure to pay your loan could result in loss of your home. Homeowner�s insurance is required and flood insurance may be required on the property used as collateral. Consult a tax advisor about interest eductibility.

This loan has a floor of 4.50%; that means that your rate will not fall below 4.50% during the life of the loan.

Fees and Charges
Estimated Closing Costs to open line: between $142 and $415
Annual Maintenance Fee: $50
Stop Payment Fee: $25
Late Payment Fee: 5% of unpaid monthly payment

Early Termination Fee: A $200 early termination fee will be charged if you elect to terminate your Home Equity Line of Credit in the first three years.