HELOC Disclosure

*Offer is for qualified borrowers, subject to credit approval. The minimum loan amount is $25,000 in new money. Offer not applicable on refinancing of existing LINKBANK HELOCs that have been opened 12 months or less. Limited to owner-occupied single family residences (primary or second/vacation homes) located in Delaware, Maryland, New Jersey, Pennsylvania, or Virginia. Offer limited to HELOCs with a first or second lien up to $500,000 with a combined Loan to Value (LTV) of 80% or less. The introductory rate of 5.24% Annual Percentage Rate (APR) will be in effect for the first 6 billing cycles after your account is opened, whether or not funds have been advanced from your account during that time. After the introductory period, the rate will convert to a variable rate that will vary with the Prime Rate as published in the Wall Street Journal plus a margin. Margin will be based on the credit score of the borrower(s). Variable-rate has a minimum (floor) of 4.00% and a maximum of 18%. As of 12/01/2023, the variable rate ranges from 8.5% to 9.75% based on a minimum credit score of 660, a maximum LTV ratio of 80%, and a minimum loan amount of $25,000. If the client establishes automatic payments at the time of origination from an eligible LINKBANK deposit account, an additional “autopay” discount of 0.25% shall apply beyond the stated rate. A higher APR may be applied to lines with lower credit scores, lines secured by manufactured homes, and/or lines that are secured by a second lien behind a non-LINKBANK first lien. Lines of $150,000 and greater will receive a closing cost credit that will be the lesser of $500 or actual fees incurred to obtain the line (costs can range from $300 - $7,898). Appraisal/Evaluation fee is required to be paid by the borrower and cannot be included in the closing cost credit. If you terminate your account within 36 months of opening it, you will be required to pay an Early Termination Fee of $300. Homeowner’s insurance required. Flood insurance (if applicable) is required. All accounts have a 10- year interest-only draw period, followed by a 20-year repayment period. You have the option to lock in portions of your line of credit with a fixed rate and term (12 – 180 months). You can have up to 3 portions of your line of credit locked at one time and there is a $100 Rate Conversion Fee for each portion locked. If you lock in a portion of your line of credit at account opening, the $100 fee will be waived. Offer subject to change.