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 range from $90 - $965). 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.