Home Equity Rates

Home Equity Loan
 $25,000-<$50,000
 $50,000-<$75,000
 $75,000-<$150,000
 $150,000+
5 years
 6.99%
 6.59%
 6.49%
 6.29%
Payment Per Thousand
 $19.79
 $19.60
 $19.56
 $19.46
         
10 years
 7.19%
 6.89%
 6.69%
 6.69%
Payment Per Thousand
 $11.70
 $11.55
 $11.45
 $11.45
         
15 years
 7.59%
 6.89%
 6.69%
 6.69%
Payment Per Thousand
 $9.32
 $8.92
 $8.81
 $8.81
         
20 years
 7.69%
 7.59%
 7.49%
 7.29%
Payment Per Thousand
 $8.17
 $8.11
 $7.92
 $7.92
The Annual Percentage Rate (APR) quoted is the lowest rate available as of August 1, 2008. Your actual APR will be determined based on Property Type, Loan Amount, Loan to Value Ratio and Credit History. Subject to credit approval. Loans with a Combined Loan To Value Ratio greater than 80% and up to 89.9% will be considered on an exception basis, add .50% to APR. If loan amount exceeds $250,000 or an on-line value is not available, a certified property appraisal may be required. See a banker for details. Hazard Insurance is required. Flood Insurance may be required. For loan amounts less than $25,000, a $350 application fee will be charged.
Rates 8/1/2008

Home Equity Line
 Line Amount
 APR's as low as*
 Maximum Term
 Payment Per Thousand as low as
Owner-Occupied Residence
 based on value
 Prime minus 0.75% for Life (Presently 4.25%)
 revolving
 $3.49
* The Annual Percentage Rate (APR) quoted is the lowest rate available as of September 24, 2008. Your actual APR will be determined based on Property Type, Loan Amount, Loan to Value Ratio and Credit History. APR is subject to change and may increase after consummation. In no event will the corresponding APR be less than 4.000% per annum or more than the lesser of 18.000% or the maximum rate allowed by applicable law. APR’s may be higher for applicants that do not maintain a Rockland Trust Company checking account or those who do not meet minimum draw requirements at closing. If you pay off the entire balance and close your line of credit account with 24 months, a $500 early cancellation fee may be charged. If line amounts exceed $250,000 or an on-line value is not available, a certified property appraisal may be required. See a banker for details. Hazard Insurance is required. Flood Insurance may be required. For line amounts less than $25,000, a $350 application fee will be charged.