* APR is accurate as of 11/2/2012 and is partially based on payment via an automatic payment deduction (APD) from a Metro Bank checking or money market account. The APR will increase by 0.50% if the APD is not selected or is cancelled after the account is opened. The APR is variable and is based on a new 25-year HELOC with a first or second lien on a primary or secondary residence, minimum loan amount of $5,000, APD, and a loan-to-value (LTV) up to 80%. The 25-year maturity consists of a 10 year draw period with principal & interest payments due monthly on the outstanding balance and then converts to a 15 year principle & interest repayment period. Actual APR will be based on a review of your credit application and credit criteria. Other APRs are available for loans with different repayment terms & conditions and rates may vary. Maximum rate is 18%. Property insurance is required and flood insurance will also be required if property is determined to be in a flood hazard area. Fees paid by the borrower generally total $0-$375 but may be higher if title insurance and/or a settlement agent is required. Title insurance and settlement agent fees paid by the borrower, if applicable, generally range from $0 to $2,000. Consult a tax adviser for deductibility of interest. Offer is subject to credit approval, and may be modified or discontinued at any time without notice. Other terms and conditions may apply.
** WSJ Prime = Wall Street Journal Prime. As of 12/16/2008, the WSJ Prime is 3.25%.