HELOC It Matters

1 The Annual Percentage Rate (APR) will vary based on the U.S. Prime Rate as published in the Wall Street Journal +/- a margin. The margin is based on your credit score and a maximum LTV of 90%. As of September 19, 2024, Prime Rate was 8.00% APR. Your APR will never be higher than 21%. HELOC must be new money to CNB, or CNB HELOC must be within one year of maturity. Other HELOC options are available. Collateral cannot be classified as a manufactured or mobile home. If your loan payment is automatically debited from your CNB personal checking account, CNB will pay all bank required closing costs for approved credit lines of $250,000 or less and up to $500 in closing costs for approved credit lines exceeding $250,000. Certain fees may apply from $1 to $1,500 when payment is not auto debited from a CNB personal checking account. Land survey, if required, is not included in bank paid costs. $500 closing cost recovery fee will be assessed if line is closed within 36 months of contract date. This loan consists of a 10-year draw period with interest only payments and a 15-year repayment period. Repayment period consists of variable rate monthly minimum payments including principal and interest. Repayment APR is based on U.S. Prime Rate as published in the Wall Street Journal +/- a margin but will not exceed 21% and will not fall below your base rate. Homeowners insurance is required. Your base rate is Prime +/- a margin determined by your loan to value and credit score. Rates and APRs are subject to change without notice. Consult your tax advisor regarding deductibility of interest. Subject to credit approval.