*Assumes the borrower provides all the information requested or needed to make loan decision. All documentation has to be provided at the time of application. Documentation includes: Mortgage Statement, school/property taxes, homeowners’ insurance binder, two recent pay stubs, w-2s, Federal Tax Returns and Business Tax Returns (if self-employed), social security awards letter and pension awards letter (if applicable). If the above criteria are not met, a new date will be scheduled. **Annual Percentage Rate (APR). Rate listed applies to owner-occupied primary residence 1st and 2nd Lien Home Equity Credit Line of $15,000 - $300,000. Includes autocharge discount of 0.125%. The APR is fixed for the first 12 months. After the first 12 months, the APR is a variable rate for the remaining life of the loan based on the Prime Rate. APRs are variable and subject to change weekly based on the Wall Street Journal Prime Rate, which is currently 7.50% effective December 19th, 2024. The maximum rate is 16.00% APR and the minimum rate is 5.99% APR. The term is based on a 10 year draw period and a 20 year repayment period. If you terminate your loan within 3 years of your closing date or do not advance $15,000 at closing, you will be required to reimburse Trustco Bank for any third party fees that may have been paid on your behalf. If less than $15,000 is drawn, local recording taxes and fees may apply. Third party fees could include fees for state mortgage tax, recording the mortgage, credit report fees, flood determination fees and appraisal fees totaling $75 - $3,000. Mortgage tax and filing fees may vary by mortgage document, county and state. Consult a tax advisor regarding tax deductibility of interest. Property insurance required and flood insurance may be required. We reserve the right to alter or withdraw this product or certain features thereof without prior notification. NMLS# 474376
