5.49% Introductory Rate*
Fixed For The First Six Months
Home Equity Line of Credit
- No Closing Costs
- Interest Only During the 10 Year Draw Period
- Utilize Up To 80% Of Your Home's Value
We're Here to Help
Whether you're renovating your space, consolidating debt, funding education, or seizing investment opportunities, utilizing our Home Equity Line of Credit The Walden Way can help you tap into the equity you've built up and leverage it to achieve your goals!
Want More Information?
Connect with one of our expert mortgage consultants today for additional information around this special offer or any of our other home mortgage loans.
Meet The Hudson Valley’s
Best Mortgage Team
Ana is a stellar asset to your organization! Very clearly - answered any and all questions we had with clear knowledge and if she didn't know, she found out. Very thoroughly and friendly.
-M.S, New Windsor, NY
Tracy made time for us after hours to not conflict with my work schedule and willing to meet at closer branch for my convenience. Always there to answer my many questions and direct me to the right person or place. Tracy, Jocelynne and Gloria were exceptional - they really went above & beyond to help me
-G.R., Washingtonville, NY
Sheri explains everything in layman's terms. She is very trustworthy. She even wanted me to contact her during her vacation if necessary!
-E.R., Pine Bush, NY
Helen is so easy to work with. She is excellent at answering questions, responding to emails, etc. I was so impressed by how accessible she was. Would definitely recommend her to family & friends.
-Clair Brown, Licensed Real Estate Salesperson, Gatehouse Compass Real Estate
Ready to get started, applying online is easier than ever!
Offer valid on new HELOCs up to $200,000.00 secured with owner occupied, one to four family primary residence with a maximum Combined Loan to Value (CLTV) of 80%. Closing costs are paid by the bank and subject to repayment should the HELOC be closed within the first three years. If a Full Appraisal or Full Title is required, the borrower must pay those fees as they occur (i.e. Loan amounts greater than $100,000 require Full Appraisal; Loan amounts greater than $175,000 require Full Title). An initial disburse of $10,000 will be required at closing to be eligible for this introductory rate. Property insurance required. Borrower is responsible for flood insurance if applicable.
This HELOC promotion is available for a limited time only and may be withdrawn or changed at any time. Offer subject to credit approval.
Effective as of 03/11/2024 the Annual Percentage Rate (APR) for our Home Equity Line of Credit (HELOC) promotion is 5.49% for the first 6 months, serving as an introductory fixed rate. Following the initial 6-month period, the rate will adjust based on the Wall Street Journal Prime Rate, currently at 8.50% as of 7/26/2023. The Home Equity Line shall have an interest rate floor equal to 4.00% APR and an interest rate ceiling of 16.00% APR.
The APR calculation shown is based upon a Home Equity Line of Credit in second lien position with a 10 year draw and interest only period followed by a 15 year amortizing repayment period, in the amount of $50,000, using the Prime Rate (currently 8.500%) as published in the Wall Street Journal, on a single-family, primary residence with an 80% combined loan-to-value, minimum borrower credit score of 720 with no points. The Home Equity Line shall have an interest rate floor equal to 4.000% APR and an interest rate ceiling of 16.00% APR. Your payment schedule would be 120 payments of $354.17, 179 payments of $492.37 and 1 payment of $492.25. The rate of interest shall change as the Prime Rate changes. The Prime Rate is not necessarily the lowest rate of interest charged by the bank to its most favored borrowers. The rate and APR displayed are subject to change at any time. Your rate cannot be determined until you have applied for and been approved for a loan. A mortgage loan consultant will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your specific situation. If an escrow account is requested or required, the actual payment schedule will also include amounts for real estate taxes and homeowner's insurance premiums.
