Home Equity Line of Credit

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Peoples Bank (w/logo)® is a federally registered service mark of Peoples Bank. *APR = Annual Percentage Rate. The advertised APR is available through the end of business on 08/31/23 on the Freedom Equity product on lines of $5,000 or greater, with a maximum loan to value ratio of 90%. Available rates after introductory period range from 8.25% - 11.25% APR. Rates shown are current as of June 1, 2023, for owner-occupied properties only and are subject to change based on changes to Prime during the promotional period. The APR is based on Prime plus or minus a margin. Borrower must meet specific underwriting criteria to obtain the advertised intro rate. Credit score and loan to value ratio determines placement within the rate range after the intro period.

1 Zero closing costs apply to Freedom Equity and Equiline products only. 2 Equiline product contains an initial fixed rate period for 60 months followed by an ANNUAL PERCENTAGE RATE (APR) that is variable and can change each month after the initial 60 month fixed rate period. Freedom Equity product contains an The APR is based on Prime APR that is variable and can change each month beginning with the first month. plus or minus a margin. Available rates as of June 1, 2023 range from 8.25% to 11.25% APR based on the consumers credit score and loan to value. As of June 1, 2023 an available rate for the Freedom Equity product was 11.25% and an available rate for the initial fixed rate period of the Equiline product was 8.25%. The APR for any equity plan will never be higher than 18.00% in WV; 24.00% in KY; 25.00% in OH; 24.00% in DC; 24.00% in MD; or Unlimited in VA. If you make only the minimum payments for the maximum allowable time frame, you may not repay any of the principal balance by the end of the payment stream so a balloon payment will result and you will be required to pay the entire balance owing in a single payment. All plans include a $50.00 annual fee to maintain the account. There may be an early cancellation fee of 1% of the original commitment or the maximum of $1,000.00 if allowable by state law. Other conditions and restrictions may apply. Information is subject to change without notice. All loans subject to application, credit, and collateral approval. Consult a tax advisor regarding tax deductibility of interest and charges. Interest on the portion of the credit extension greater than Fair Market Value of the dwelling is not tax deductible for Federal income tax purposes. NMLS#617258