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Your options are endless with a Home Equity Line of Credit1

Whether you choose a fixed- or variable-rate Home Equity Line of Credit, you can consolidate debt, make home improvements, pay tuition or use it for whatever you need.
Plus, there are no closing costs!2

Fixed Rates as Low as

4.99%APR3

5 Year Fixed Rate

to

5.99%APR3

10 Year Fixed Rate

Variable Rates as Low as

2.75%RATE4

10 Year Variable Rate

with a

5.25%APR4

10 Year Variable Rate

After 4 Months, Rates are Variable and Adjust as High as Prime Rate Plus 1.25%, Currently 6.50% APR4

Rates depend on credit score, term of loan, and loan-to-value ratio.

Unlock the possibilities today!

Ask a Customer Sales Representative about competitive rates and options.

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With a Home Equity Line of Credit with Peoples Bank, you’ll have access to funds when you need them and at any time. It is as simple as writing a check or using an Equity Express VISA® card.

1 All home equity lines of credit have a 20-year term, consisting of either a 5 or 10 year Draw Period with interest only payments followed by a 15 or 10 year Repayment Period.

2 Closing costs may apply for houses for sale or for refinancing a non-matured Peoples Home Equity Line of Credit with no increase in the credit limit.

3 APR equals Annual Percentage Rate. Based on credit score of 720 or above. APRs are current as of 10/01/18, and are for new Home Equity Lines of Credit. For example, the minimum monthly payment on a $50,000 line would be an interest only payment of $207.92 for the APR of 4.99%, and $249.58 for the APR of 5.99%. The minimum monthly payment will be equal to the interest that has accrued on your account as of the closing date of each billing cycle. Paying only the minimum monthly payment during the Draw Period will result in the remaining balance being amortized over the next 15 year Repayment Period for the 5 year Fixed Rate, and 10 year Repayment Period for the 10 year Fixed Rate. $50 annual fee will be assessed on 1st monthly statement. Property insurance will be required. Loan application must meet Peoples Bank’s underwriting standards and is subject to formal loan approval. Rates are subject to change without notice.

4 APR equals Annual Percentage Rate. Based on credit score of 720 or above. APR is good for 4 months from the date of closing. After 4 months the rate will adjust to Wall Street Journal (WSJ) Prime plus .75% for lines $5,000 to $49,999; WSJ Prime plus .25% for lines $50,000 to $99,999; or WSJ Prime for lines $100,000 or more. As of 09/27/18, WSJ Prime was 5.25%, which results in APRs of 5.25% – 6.50%. The floor rate is 5.25% and the ceiling rate is 16.75%. For example, the initial minimum monthly payment on a $50,000 line would be an interest only payment of $114.58 for the first 4 months, and interest only payment of $229.16 beginning in the 5th month and for the remaining Draw Period of up to 10 years. The minimum monthly payment will be equal to the interest that has accrued on your account as of the closing date of each billing cycle. Paying only the minimum monthly payment during the Draw Period will result in the remaining balance being amortized over the next 10 year Repayment Period. $50 annual fee assessed on first monthly statement. Property insurance will be required. Loan application must meet Peoples Bank’s underwriting standards and is subject to formal loan approval. Rates are subject to change without notice.