LINE UP FLEXIBILITY WITH RATES BELOW PRIME

The Preferred Equity Line can provide homebuyers and owners alike an enticing alternative to more traditional financing.1 Geared to clients who are looking for maximum flexibility, it offers payment benefits and cash flow convenience that’s not found with a 30-year fixed mortgage.

• Available as a first mortgage for primary, secondary and investment properties

• Use for home purchase or refinance, debt consolidation, home improvements, investment purposes

• Interest only payments during 10-year draw period

• Fixed rate advance options available in the draw period—upon qualification, secure a 5, 7, or 10-year fixed rate for up to 3 draws, pay a variable rate when the fixed period ends2

* The lowest variable rate of 3.490% APR available to borrowers with FICO scores of 760 or higher, and loan to value ratios of 70% or less with a total line amount equal to or greater than $500,000.3 Line must be secured by 1-unit single family residence. Our line of credit offers variable Annual Percentage Rates (APR) from 3.490% to 5.000% as of 05/02/2018. Variable APR changes monthly. Not all clients will qualify for the lowest rate. Rates may increase to a maximum of 15%. Upon qualification, fixed rate advance APRs on draws range from 3.125% to 5.125% as of 05/02/2018. After the fixed rate advance period ends, a variable APR will apply. APRs may change monthly. During the 10-year draw period, there is a $50 annual fee. Monthly payments could increase due to things like taxes, insurance or taking additional advances.

Other fees could apply.4

1. Our equity lines of credit are only available in certain states. For a full list of states where available, please go to everbank.com/lending/ preferred-equity-line.

2. Initial and fixed-rate draws, and credit line subject to maximum and minimum dollar amounts. There is a limit of three fixed rate advances on the home equity line of credit with interest-only payments in the draw period. Fixed rate advance terms include 5, 7, and 10 years.

3. The variable APR range of 3.490% - 5.000% is available to borrowers with FICO scores of 720 - 760 or higher, and loan to value ratios of 70.00% - 89.90% with a total line amount equal to or greater than $500,000. Line must be secured by 1-unit single family residence. The fixed APR range of 3.125% - 5.125% is available to borrowers with FICO scores of 700 - 760 or higher, and loan to value ratios of 70.00% 89.90% with a total line amount equal to or greater than $500,000. Line must be secured by 1-unit single family residence.

4. Our line of credit has estimated origination and closing fees ranging from $5,675 to $8,335, based on a representative line amount of $600,000 to $800,000, though your actual costs may be higher. Transfer taxes may also apply. Discount points may be up to 4% of the line amount for the fixed rate advance option. Discount points are not offered on the variable rate advance option. This estimate does not include hazard or flood insurance that you must carry on the property. All terms subject to credit and property approval. Product may change without notice.

CURRENT VARIABLE RATES AS LOW AS %* 3.49 APR