Home Equity Term Loans


Term

Interest Rate

Payment Amount(a)

Example Payment Term

5 Years

3.49% APR

$18.19

60 Months

10 Years

3.99% APR

$10.13

120 Months

15 Years

4.49% APR

$7.65

180 Months

20 Years

4.74% APR

$6.46

240 Months

(Maximum Loan Amount = $250,000/Minimum = $15,000)

(Loan to value of 85% or less with $15,000.00 New money to Mars National Bank)

(a)Payment amount per $1,000 borrowed


Home Equity Lines of Credit

Plan

Loan to Value

Maximum Loan Amount

Minimum Loan Amount

Current Interest Rate 

Rate Calculation

Platinum

70% or Less

$250,000

$25,000

3.00% APR

New York Prime Minus .25%

Gold

70.01% to 85%

$150,000

$15,000

3.75% APR

New York Prime  Plus .50%

Home Equity Lines of Credit are variable rate plans with rates subject to a change in the Index. The Index is the New York Prime Rate. The interest rate is the sum of the Index plus the margin. Rates are subject to change without notice. The maximum APR is 18%. If an appraisal is required, there will be a cost assessed to you ranging from $70.00 to $450.00. If you take an overdraft protection advance from the loan you will be charged $5.00. We reserve the right to impose a research fee of $35.00 per hour. Property insurance will be required. Flood insurance may be required.