DISCLOSURES
The no closing cost offer is subject to approval and the presentment of a perfected lien on your home, which must be a single-family owner occupied residence constructed on a permanent foundation. Property insurance is required, including flood insurance where applicable, regardless of loan amount. Offer limited to lines of credit for purposes other than home purchase. Certain restrictions may apply for lines with a Loan to Value greater than 80%. The home equity line of credit comes with a 6 month introductory fixed rate, which was 4.00% Annual Percentage Rate (APR) at the time this offer was developed. Beginning the seventh month the rate is variable and is tied to the Wall Street Journal (WSJ) Prime Rate plus a margin. The margin is determined by the outstanding balance on the line of credit. The introductory rate is subject to change prior to application. Ask us for our current rates. The Annual Percentage Rate (APR) is variable and based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the "Index"), plus a margin. The Index as of June 4, 2009 is 3.25%. The maximum APR is 18%. As of June 4, 2009 current margins for lines of credit are: $10,000 - $25,000 = WSJ Prime + 2.00% o $25,001 - $50,000 = WSJ Prime + 1.75% o $50,001 - $75,000 = WSJ Prime + 1.50% o Above $75,000 = WSJ Prime + 1.25% Credit card minimum payment is based on 4% of the outstanding balance as the minimum payment. Your minimum monthly payment may differ. Rates are subject to change. Payment of $125 is based on the selection and qualification of an interest-only monthly payment with a 5.00% variable Annual Percentage Rate (APR) as of June 4, 2009, for a credit amount of $30,000, 80% maximum combined loan-to-value and secured by an owner-occupied residence, assumes excellent borrower credit history. Interest only lines provide for the payment of interest for a set period of time and payments of principal and interest for the remainder of the loan term. During the interest only period, principal is not reduced. At the end of this period, your monthly payment will increase, possibly substantially, even if you have a fixed interest rate because you will be required to pay down the outstanding principal. Always consider paying more than the minimum payment to pay down the principal. Because these product features do not require you to make principal payments during the interest only period, you may have a higher Annual Percentage Rate or interest rate than a traditional mortgage product, depending on the specific loan details. Consult your tax advisor regarding the deductibility of interest. We reserve the right to approve or decline individual credit applications based on the following conditions: o You must be the owner of residential real estate property in which you live, you must have verifiable income, and you must meet our standard credit terms and policies. o We will obtain a current consumer credit report when you respond to this offer and you mist continue to satisfy the criteria for credit worthiness used to select you for this offer. o We must receive a valid first or second lien on your owner occupied 1-4 family home. o Property cannot be a co-op or mobile home.