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Call 617-268-8880 or apply
online today
and you could access your equity in just
a few
days!

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Rates - Home
Equity Line Rates
Effective: As of May 27th, 2010 and subject to change
without notice.
As South Boston's #1 Lender, Mt. Washington Bank offers
a wide range of Lines of Credit.
We offer fixed and variable LOW RATE Equity Lines of Credit for owner
occupied properties.
Home Equity Line Rates
Owner-Occupied |
| Type |
Rate |
APR |
Variable Prime + 0% with a floor of 4.00% |
4.00% |
4.00% |
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Rates are subject to verification of current credit history, income, and property
value and condition. Property and hazard insurance is required on property securing
the line of credit. New home equity customers must draw $25,000 at closing and existing
customers must
increase line by $25,000 and draw $25,000 at closing. For a loan $125,000.00 or
more title insurance is required. There is a $50.00 annual fee and an early termination
fee of $500.00 if your loan closes within 24 months of the origination date. Offer
good for a limited time. Consult your tax advisor regarding your individual situation.
*Rates may vary and are indexed to the current Prime Rate as published in the Wall
Street Journal. The maximum APR is 18%. *Based on current prime rate of 3.25%.
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For information on our wide range of products and services or for current
interest rates, email us at lending@MtWashingtonBank.com
or call our Loan Center at 617-268-0379.
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