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Home Equity Loan Rates

Home Equity Loan Rates – Annual Percentage Rate (APR)

0-5 Year Term

Fixed rate 6.50% APR with a payment deduction from a ParkeBank Account.

6-10 Year Term

Fixed rate 6.75% APR with a payment deduction from a ParkeBank Account.

11-15 Year Term

Fixed rate 7.25% APR with a payment deduction from a ParkeBank Account.

Prime Home Equity Lines of Credit

Variable rate set at WSJ Prime-Current Prime Rate 3.25% (Floor of 5.00% APR and a ceiling of 16.00% APR)

NOTES:

Add .50% to rate if payments are not deducted from a ParkeBank Account

Home Equity Loans over $250,000 require title insurance. Appraisal fees and other fees may also apply.

Property insurance is required on all Home Equity Loans.

Loan information is provided to assist in evaluating alternatives only & does not constitute an offer to extend credit.

Rates are subject to change without notice.

This is not an advertisement to extend consumer credit by Section 226.2 of Regulation Z.

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