Home Equity Loans

^*HOME EQUITY LOAN Rates and payment example are based on loans secured by properties located in PA, OH and IN only. Rates are .25% higher for properties located in the state of NY *Closed-end home equity loan Annual Percentage Rate (APR) as of 10/11/2024 applies to 60-month term for at least $100,000 loan with a minimum of $25,000 in new money borrowings with automatic transfer service from a Northwest checking account, 85% maximum loan-to-value, and 700 minimum FICO® score. Not for the purchase of homes. Valuation fee from $67-$650 will apply. One- or two-unit owner occupied primary residence properties only. Maximum loan amount is $750,000. A title search is required on loans greater than $250,000. Title insurance required on loans greater than $500,000. Other rates and terms are available. Offer may be changed or withdrawn at any time. Consult a tax advisor regarding deductibility of interest and charges. For example: The monthly payment on a 6.250% APR 60-month loan of $100,000 is $1,945. Other rates and terms available. Payments do not include amounts for taxes and insurance premiums. Actual payment obligation may be greater. Listed APR may be available for Choiceline fixed-rate lock-in. Contact bank for details. Subject to credit approval. Rates subject to change at anytime without notice.
HOME EQUITY LINE OF CREDIT: Fixed Annual Percentage Rate (APR) 6.25% introductory APR for six (6) months followed by Wall Street Journal Prime Rate minus 0.50%, currently 7.25% as of 11/11/2024. Fixed term line of at least $100,000 loan with a minimum of $100,000 in new money and $50,000 being disbursed at closing required to obtain advertised rates. Advertised rates are open-ended and variable during 10 year draw period. Draw period is followed by a 15 year repayment period with principal and interest payments at a fixed rate equal to the rate for 15 year fixed-rate equity loans in effect at the time the repayment term begins. (Currently 7.00% as of 11/11/2024 and assumes a minimum balance at time of repayment of $50,000). Minimum monthly payment quoted is based on interest-only payment. Minimum monthly payment is the greater of the interest for the statement period or $50. Maximum APR is 18.00%, minimum APR is 2.50%. Offer based on an 85% maximum loan-to-value ratio, a minimum 740 FICO® score and automatic transfer service from a Northwest checking account. Other rates and terms are available. One- or two-unit owner-occupied primary residence properties only. Not for home purchase. Valuation fee typically ranges from $67 to $650. A $50 annual fee will be charged. If you cancel the line-of-credit before three (3) years, you will be required to reimburse Northwest for all third-party origination fees, less valuation fee. Refinance of existing line of credit will include early termination fees, if applicable. An existing Northwest line of credit does not count toward new borrowing requirement to receive advertised rates. Maximum loan amount is $750,000. A title search is required on loans greater than $250,000. Title insurance required on lines greater than $500,000 Offer may be changed or withdrawn at any timeContact bank for details. Subject to credit approval. Other rates and terms available. Rates subject to change at anytime without notice. See Northwest for details. Only deposit products offered by Northwest Bank are Member FDIC. Equal Housing Lender. Rev. 11/11/2024