HomeEquity Bank Prime Rate: 3.95%
The following is a summary of the current Income Advantage interest rates and terms offered by HomeEquity Bank.
|Planned Advance Account term
||Planned Advance Account Interest Rate
||Lump Sum Account Interest Term
||Lump Sum Account Term
||Closing and Administration Costs1
||Annual Percentage Rate(APR)2
||1 Year||6.24% ||6.58%
||3 Years||6.49% ||6.67%
||5 Years||6.74% ||6.75%
These fees and interest rates may vary based on individual circumstances, including any additional rate premiums added on your file.
1 These fees may vary based on individual circumstances.
2APR is for 5 years based on $2,000 per month in planned advances and a $30,000 initial advance. It is not for the full period of the mortgage and includes the applicable closing costs.
3 Variable refers to the HomeEquity Bank Prime Rate plus a fixed spread of 2.29%. The fixed spread is guaranteed for 5 years.