A Home Equity Line of Credit with Peoples means:
- No Closing Costs** and No Annual Fee.
- Revolving access and flexibility - as you pay down your loan, those funds become available again!
- We service your loan, not an unfamiliar third party.
- Convenient payment options, including online, in person or by mail.
- Apply online anytime.
* Annual Percentage Rate, APR, is current as of 02/12/14 and can change without notice. APR is based on NY Prime + .74 % adjusted monthly. Minimum APR of 3.99%. Maximum APR of 18.00%.10 year draw period with interest only payments followed 10 year fully amortized payment. If $10,000 was outstanding, the required monthly payment would be $33.25. ** Generally, all associated fees are paid by PTC unless an appraisal or subordination is required and fees may range from $450-650. Minimum loan amount of $10,000 and maximum is the lower of combined first and second mortgage loan balances totaling $417,000 or a combined loan to value not to exceed 80%. Property Insurance is required. Property ownership cannot have transferred within 30 days prior to application date. Non purchase transactions only. Loan is subject to credit approval.