Savers Bank Offers 3 Home Equity Products

Equity Lines of Credit

Home Equity Lines of Credit are revolving lines of credit secured by a mortgage on your home. Loan amounts are capped at 80% of the available equity in your home, minus the outstanding principal balance of the 1st mortgage. The Annual Percentage Rate (APR) on a Savers Bank Equity Line of Credit is variable and adjusts monthly on the first of each month at the Prime Rate published in the Wall Street Journal on the last business day of the previous month, plus or minus the margin. Payments are interest only during the 10 year draw period and then principal plus interest during the 10 year repayment period.

There are no points, no closing costs and no appraisal fees unless you request to have a full residential appraisal report prepared at your expense. Offer available for owner-occupied 1-4 family residences only. Homeowners insurance on the property securing the line is required.

Prime Minus 1% For Life

Min Loan Amount	Draw/Repayment Period	Rate	APR	Max LTV	Minimum Draw at Closing
$50,000	10 yrs / 10 yrs	4.99% Prime minus 1.00%	4.99%	80%	$10,000

*The interest rate is subject to adjustment monthly equal to the prevailing Prime Rate, as published on the last business day of the month in The Wall Street Journal, minus 1.0% for the life. The minimum rate for this loan program is 4.99%, maximum APR that may be charged is 18.00%. If the borrower pays off the line during the first three years the borrower will pay a $500 prepayment penalty.

Existing Savers HELOC customers are eligible for this program provided the conditions described above are met and they increase the existing line by a minimum of $15,000.

Variable Line of Credit at 2.99% for First 3 Months

Min Loan Amount	Draw/Repayment Period	Rate	APR	Max LTV	Minimum Draw at Closing
$10,000	10 yrs / 10 yrs	2.990%** Fixed for 3 months then Prime plus 0.00%	4.99%	80%	$0

** The interest rate is fixed at 2.99% for the first 3 months, then the interest rate is variable and subject to adjustment monthly equal to the prevailing Prime Rate, as published on the last business day of the month in The Wall Street Journal plus 0.0%, with a minimum rate of 4.99%, maximum APR that may be charged is 18.00%. If the borrower pays off the line during the first three years the borrower will pay a $500 prepayment penalty.

Equity Loans

Home Equity Loans are fixed rate loans secured by a mortgage on your home. The minimum loan amount is $10,000.00 and is capped at 80% of the available equity in your home, minus the outstanding principal balance of the 1st mortgage.

Type	Rate	APR	Max. Term	Monthly Payment per $1,000
Fixed	6.000%	6.000%	5 yrs.	$19.33
Fixed	6.500%	6.500%	10 yrs.	$11.35
Fixed	6.875%	6.875%	15 yrs.	$8.92
Fixed	7.500%	7.500%	20 yrs.	$8.06

There are no points, no closing costs other than the appropriate Registry recording fee and no appraisal fees unless you request to have a full residential appraisal report prepared at your expense. Offer available for owner-occupied 1-4 family residences only. Property insurance is required to open and maintain a Home Equity Loan.

PLEASE NOTE:

The Current Prime Rate is 3.25%

Interest rates and programs are subject to change at any time; please call your local representative for updated interest rates and program information.