BNB HOME EQUITY LINE OF CREDIT
*Prime minus 1%
No points. No closing costs up to $500,000.** Access by check or Bridge Online Banking. Easy application. Quick turnaround. Fast approval. Check it out. Today.
Your dream. Your bank.
Branches in Bridgehampton 537-1000 • Cutchogue 734-5002 • East Hampton 324-8480 • Greenport 477-0220 • Hampton Bays 728-9041 • Mattituck 298-0190 Montauk 668-6400 • Peconic Landing 477-8150 • Sag Harbor 725-6622 • Southampton County Rd. 39 283-1286 • Southampton Village 287-6504 • Southold 765-1500 Wading River 929-4250 • Westhampton Beach 288-7756 Equal Opportunity Lender
INTEREST MAY BE TAX DEDUCTIBLE (CHECK WITH YOUR TAX ADVISOR). Applications accepted from our primary lending area only. Rate as of March 3, 2007. Rate subject to change without notice. *For Prime minus 1% home equity lines: The Prime minus 1% initial 6 month fixed rate as of March 3, 2008 is 5.00%. Rate converts to Prime thereafter, with a minimum rate of 5.50%. Annual Percentage Rate (APR) may vary and adjust monthly based on changes in the Prime Rate as published in the Wall Street Journal. APR includes interest only and no other costs. Example: Monthly interest payment based on 5.00% for each $10,000 of outstanding principal is approximately $41.67. Thereafter, approximate monthly interest payment for each $10,000 of outstanding principal, based on the 5.50% minimum rate on March 3, 2008, would be $45.83. Maximum lifetime APR of 16%. Principal amortization of 240 payments of principal plus interest at a variable rate adjusting monthly. The terms of this offer may be withdrawn or changed at any time. Maximum loan amount for primary residences up to 75% of the value of your home less all outstanding mortgages. Property that secures the line may not be an investment or rental property. 10 year interest only period (draw period), followed by a 20 year amortization period. **Lines terminated prior to 36 months from the closing date are required to repay all closing costs incurred to originate. Costs vary based on the line amount and taxes assessed, and any property and flood insurance requirements. Typical costs may vary from $468 to $7,000. Property insurance is required during the life of the loan. Lines where the collateral is located in a flood zone require flood insurance for the life of the loan.
Published on Mar 14, 2008
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