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LOAN PRODUCTS
Home Equity Line of Credit
| Product type | Adjustable Rate based on the Prime Rate |
| Rate | .50% below current prime rate |
| Rate Adjustment | Once a year after the 12th payment |
| Period | 10 year draw period at time advance is taken, after draw period the loan is amortized over 15 years |
| Annual Cap | Rate can increase a maximum of 2% in any one year or can decrease 1% in any one year |
| Overall Cap | 18% - The rate will never go over 18% for the life of the loan |
| Loan to Value(LTV) | Up to 90% |
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