Tired of Riding the Rate Roller Coaster?
Get a 5-year fixed-rate Home Equity Line of Credit!
It's a less bumpy ride.
6.25% APR.1
6.00% APR if your 1st mortgage is with Provident.
No closing costs2 and a fixed rate home equity line of credit.
No more ups and downs.
Use your HELOC to pay off your high-interest debts, renovate your house, pay for college or a variety of wonderful uses. All at a fixed rate for 5 years.
Your equity line also comes with a Platinum Equity Visa card for convenient access. Plus, your card has a 1/2% cash rebate on everything you buy.3
At Provident, it's all about making life better for you. Let us help you take a step in that direction — contact our mortgage consultants at (650) 508-0300 or (800) 632-4600; press 1 and dial ext. 2703
and find out more about our new Fixed-Rate Home Equity Line of Credit today. You can also stop by your local Provident community branch during business hours
or e-mail our Real Estate Lending Department.
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1)
Annual Percentage Rate (APR). Interest rate is fixed for first 5 years and then converts to a variable APR based on the Prime Rate as published in the Wall Street Journal (currently 6.00%) minus 0.50% for Prime Minus Ready Equity or minus 0.75% for 1st mortgage discount. Current ceiling is 11.50% (6% over fully indexed initial rate). Current floor is 4.50%. Minimum line to apply for and minimum draw is $15,000. Single family/owner occupied home in California only. Adequate property insurance required for life of loan. Flood insurance may be required. Maximum CLTV: 80% to $250,000. All loans subject to credit approval.
2)
Provident will pay for title, appraisal, escrow fee, recording fees, credit report, and flood certification on new lines of credit up to $100,000 only. There is $150 application deposit due at the time you submit your application and is refunded when the loan is funded. An early closure ($400-$700) release fee may be charged to recover all costs incurred in originating your line if you close your account within 24 months.
3)
Up to 1/2% on purchases, paid out annually in November.
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