![]() ![]() (3) APR stands for Annual Percentage Rate 5 Year Interest Only Line of Credit not applicable. 50% over the disclosed Rate and APR to qualified borrowers. HELOC rate will increase 1% over the disclosed Rate and APR to qualified borrowers. Maximum CLTV of 85.0% is available for second liens only. (1) Maximum combined loan to value (CLTV) is based on creditworthiness. The cost can range from $125.00 -$1,500.00. Any size transaction where the LTV or CLTV exceeds 80%. For all loans and lines over $250,000, or 1st lien purchase money transactions or when a Home Value Estimate (HVE) is not acceptable or available. This product is a variable rate product with a floor of 3.75% and a maximum of 18.00%Īn appraisal performed by a certified or licensed appraiser will be required at the expense of the Applicant. Home Equity Line of Credit for New York City 25% if APD Accounts terminated at any time. (5) APR is quoted with monthly Automatic Payment Deduction (APD) from a Republic Bank account. (4) APR does not include costs other than interest. (3) APR stands for Annual Percentage Rate (2) After 15 year draw period ends, remaining balance will be billed at principal plus interest following terms in credit agreement. (1) Maximum combined loan to value (CLTV) is based on creditworthiness. If you terminate your Home Equity Line or your Five Year Interest Only Home Equity Line of Credit within the first 12 months of the agreement date you will be required to pay 1% of the credit limit not to exceed $250.00 Properties held in the name of a trust require an Attorney Opinion Letter and a $250 prepaid nonrefundable fee for bank attorney review. Non-owner occupied (investment) properties, mobile and manufactured homes, cooperatives and properties held in the name of a Life Trust or Non-Revocable Trust are not eligible. Eligible property types include 1-2 family residences, condominiums. Primary or secondary (vacation home) residences only. Title insurance is required for loans and lines of credit over $400,000 or for 1st lien purchase money transactions. Flood insurance may be required if the property resides in a flood hazard area. Property insurance is required with Republic First Bank dba Republic Bank listed as mortgagee. Any size transaction where the LTV or CLTV exceeds 80%. ![]() 01%ĪPR for all loan amounts is based on the Wall Street Journal Prime Rate, currently 8.50%ĥ Year Interest Only Home Equity Line of Credit PA & NJĪPR for loans $25,000-$99,999.99 is Prime Rate plus 1.00%ĪPR for loans $100,000 to $199,999.99 is Prime RateĪll loans and lines of credit are subject to credit approval.Īll loans and lines of credit are limited to $2,000,000 total consumer exposure per relationship.Īn appraisal performed by a certified or licensed appraiser will be required at the expense of the Applicant. 25%ĪPR for loans over $200,000 is Prime Rate minus. This product is a variable rate product with a floor of 3.50% and a maximum of 18.00%įirst, Second or Third Consecutive Lien (behind Republic Bank) on Primary or Secondary Residence Loan AmountĪPR for loans up to $24,999.99 is Prime Rate plus 1.75%ĪPR for loans up to $25,000-$49,999.99 is Prime Rate plus 1.00%ĪPR for loans $50,000-$74,999.99 is Prime Rate plus 1.00%ĪPR for loans $75,000 to $99,999.99 is Prime Rate plus. Second or Third Consecutive Lien (behind Republic Bank) on Primary or Secondary Residence: Term Payment Example (2) * Payment example does not include taxes or insurance. First Lien Only on Primary or Secondary Residence: Term ![]()
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