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Easy Does It Equity Line at a Glance
Maturity Date	15 years
Draw Period	10 years followed by a 5 year repayment period
Variable Rate Programs	Capped Rate Equity Line: 6.00% APR for 6 months then Prime* for the life of the line with a life time cap of 8.50% APR. Available for qualifying properties in MA and NH for lines of $15,000 or more with a Loan-to-Value (LTV) of 80% or less. Maximum APR 8.50%, minimum APR 4.00%. Not available for homes currently for sale. Property insurance required. Flood insurance may be required. Subject to credit approval. No annual fee for the first year, then $30 per year. Credit lines closed within 3 years may be subject to a $400.00 termination fee. For the first 6 months, payment per $1,000 is $10. Thereafter, based on current rates, payment per $1,000 is $11.88. Home Equity Prime Minus One: Annual Percentage Rate (APR) is a variable rate equal to 1% below Prime Rate* for the life of the loan; current APR is 7.250%. Prime Rate is currently 8.250% and is subject to change. Minimum initial advance of $10,000 is required. Automatic payment from an NMSB statement account is required. Monthly payment per $1000 is $11.04 Home Equity Prime Line: APR is a variable rate equal to the Prime Rate* for the life of the loan. Prime Rate is currently 8.250% and is subject to change. Monthly payment per $1,000 is $11.88 Home Equity 100% Line: APR is a variable rate equal to Prime Rate* +2% for the life of the loan; current APR is 10.250%. Prime Rate is currently 8.250% and is subject to change. Monthly payment per $1,000 is $13.54
Minimum Payment	Monthly interest plus .5% of the outstanding balance or $50.00, whichever is higher.
Interest Only	Home Equity Interest Only: Annual Percentage Rate (APR) is a variable rate equal to ½% below Prime Rate* for the life of the loan; current APR is 7.75%. Prime rate is currently 8.25% and is subject to change. Minimum initial advance of $10,000 is required. Automatic payment from an NMSB statement account is required. Monthly payment per $1,000 is $6.46.
Loan to Value Ratios	80% Total Loan to Value of "assessed" or "appraised" value of home (cost of appraisal is $300.00 for single family home, $500.00 for 2-family home, if needed) less amount of 1st mortgage. Existing appraisals not older than 1 year old may be used. Primary Residence Only-single or 2-family properties. Property insurance is required.
Loan Limits	$15,000 - $250,000 using appraised value $15,000 - $100,000 using tax value assessed $35,000 maximum on the 100% Equity Line Loan
Turn Around Time	Approximately 2-3 weeks
Minimum Draw	$500
Fees	1) If a second mortgage:  no closing costs 2) If a first lien:           Attorney Fees:   $650.00           Recording Fees: $250.00           Title Insurance:  $2.50 per thousand 3) $18 for Flood Determination Certification     $30 Annual Fee
Lending Area	Massachusetts and Southern NH (Towns adjacent to Massachusetts)
Pre-payment Fee	Equity Line must remain open for three years. If the Equity Line is discharged during the first three year period, a termination fee of $400.00 will be charged. This penalty does not apply to first lien mortgages.

*Prime rate as published in the Wall Street Journal on the first business day of the month. 8.250% APR as of 1/01/2007. Rate may change monthly. Maximum APR: 18%. Owner occupied properties. Primary residence only. Subject to credit approval.