Home Equity Line of Credit

*Home Equity Line of Credit Rates. The APR is the Annual Percentage Rate, and the Index is the Prime Rate. The introductory APR will be fixed at 6.74% for the first 12 months. The introductory rate is "discounted" - that is, it is not based on the Index and Margin that will be used for later rate adjustments. The initial rate will be in effect until the beginning of the 13th monthly billing cycle. No additional rate reduction is included during the period of the promotional discount. Thereafter (see rate table above for rates), the applicable Margin plus the Index will apply.  The Index is variable and based on the Prime Rate (Prime) as published in the Wall Street Journal (7.50% as of 12/19/24). The corresponding APR will never be less than 3.99% or more than 18.00% per annum on our featured Home Equity Line of Credit Rate.  The requirements for this Promotional Rate Program, include the following. At the time of application, the subject property may not have an existing HarborOne Bank Line of Credit, within the draw or repayment period, regardless of balance.  A minimum initial draw requirement of $20,000 must be met at the time of funding. The program requires you to maintain an outstanding balance for a minimum period of 6 (six) months, regular minimum monthly payments accepted. The rates shown above require monthly automatic repayment from a HarborOne personal checking account. Termination of automatic repayment or insufficient balance for regularly scheduled payment will result in an undiscounted rate and termination of the Promotional Program. Subject to credit approval. No points. APR is subject to change and may increase after consummation. Other HELOC programs without an automatic repayment feature or for customers with an existing HarborOne Bank Home Equity Line of Credit are available. Visit your local branch or call 1-800-244-7592 for additional information. Advertised rates are available for lines of credit between $30,000 and $750,000 on 1 to 4 family, owner occupied homes located in (ME, NH, VT, MA, RI and CT) with a combined loan to value ratio (CLTV) of 80% or less as determined by the property type, an appraisal acceptable to the lender and acceptable FICO score of applicants. No closing costs except for properties held in a Real Estate Trust or a Life Estate. A non-refundable attorney Real Estate Trust review fee of $150 ($125 fee in Rhode Island); For Life Estate reviews, the bank will assess a non-refundable $150 fee ($175 fee in Rhode Island). Flood insurance is required if applicable. Deductibility of interest is not guaranteed, consult your tax advisor. If you pay off the entire balance and close your line of credit account within 36 months of consummation, there will be a $575.00 Early Termination Fee. Annual fee of $75.00 (waived the first year). Other terms and restrictions may apply. Offer subject to change without notice.

**APR is based on the current Prime Rate (7.50% as of 12/19/24) plus or minus the margin indicated in the rate table above. Rates are variable and subject to change.