* Home Equity Loans & Lines of Credit – Consult your tax advisor regarding the deductibility of interest.
Home Equity Line of Credit - The Annual Percentage Rate (APR) is a variable rate based upon an index and a margin. The APR will vary with the Prime Rate (the index) as published in the Wall Street Journal. The introductory rate is a discounted variable APR and is based on Prime minus 1.26%, and will remain in effect for twelve months after loan origination. After this, the variable rate APR will range from Prime + .74% to Prime + 1.74%, depending on the applicant’s credit score. As of May 16, 2016 the APR ranges from 4.24% to 5.24%. The APR may increase but will not exceed 18% in CA, 20% in MO & IL. Offer based on auto-debit of payments from a First Bank checking account. If not auto-debiting payments from a First Bank checking account add .75% to both the introductory rate and the permanent rate. In CA – an Annual Fee of $50 applies after the first year. Exp. 7/31/16.