1Adjustable rate loans generally feature lower rates and payments early on in the loan term, with rising rates and payments over the life of the loan.
2Private Banking lending services are offered exclusively to clients who meet the Private Banking relationship criteria. Please see your banker for details and eligibility requirements. All loans and accounts subject to credit approval.
3A takedown fee of $50 will be charged each time you convert a portion of your line to a fixed monthly payment. Terms and conditions also apply.
4The bank will pay most closing costs on lines of $250,000 or less and up to $750 in closing costs for lines over $250,000. Closing costs typically range between $261 and $2,150. Costs waived by the Bank exclude: AL-Mortgage Recording Tax; FL-Document Stamp and Intangible Personal Property taxes; LA-Orleans Parish Documentation Fee. Home Equity Line of Credit customers have the option to pay your entire closing costs and receive a 0.50% rate reduction. The rate reduction will be a discount to your margin and will not affect the index or any introductory or initial discounted rates. In Alabama and Florida, if you voluntarily cancel your line of credit within 12 months of opening, you will reimburse to us the nonaffiliated third-party closing costs that we have paid up to 2% of your credit limit. No obligation to repay closing costs will apply if the source of the repayment funds is a refinancing by us or an affiliate of ours or if the repayment occurs more than one year from the date the line of credit is made. In Mississippi and Louisiana, if you voluntarily cancel your line of credit within 12 months of opening, you will reimburse to us the nonaffiliated third-party closing costs that we have paid up to the lesser of (i) 2% of your credit limit or (ii) 5% of the unpaid principal balance of your line of credit at the time you cancel and fully repay the line. No obligation to repay closing costs will apply if the source of the repayment funds is a refinancing by us or an affiliate of ours or if the repayment occurs more than one year from the date the line of credit is made.
5Private Banking Home Equity Line annual percentage rate (APR) is based on Wall Street Journal Prime Rate (the “Index”) plus a margin of 0%. As of 5/10/18 the APR is 4.75% based on the current index value. The APR will vary but will not exceed 21% in Alabama, Mississippi and Louisiana, or 18% in Florida and Texas.
6Interest-only option means no part of the payment would be going to principal, which may result in higher payments during your repayment period.
7Overdraft option and check access not available in Texas.
