Today’s Rates

	Home Equity Loan	Home Equity Plus Loan **
Term	Rate	APR	Monthly Payment Per $1,000	Rate	APR	Monthly Payment Per $1,000
5 Years	3.75%	3.75%	$18.30	5.25%	5.25%	$18.99
10 Years	3.875%	3.875%	$10.07	5.375%	5.375%	$10.79
15 Years*	4.125%	4.125%	$7.46	5.625%	5.625%	$8.24
20 Years*	4.50%	4.50%	$6.33	5.75%	5.75%	$7.02
*15 and 20 Year terms are available for second liens only	** All Plus terms are available for second liens only

Annual Percentage Rates (APR) are accurate as of August 18, 2021 and are subject to change at any time without prior notice. Home Equity Loan Rates are quoted for owner occupied 1-4 family properties, owner occupied residential condominiums and second homes with a maximum combined loan to value (CLTV) of 80% of the appraised value. Home Equity Plus rates are quoted for owner-occupied single-family properties and owner-occupied residential condominiums with a combined loan to value (CLTV) from 80.1% to 90% of the appraised value.

Payments are based on $1,000 borrowed. Payments do not include taxes and insurance. If escrow of taxes, homeowner’s insurance and flood insurance is required or requested, the actual payments will be higher.

Property insurance is required. Loan offers are subject to credit approval and other terms and conditions apply. Consult a tax advisor regarding the deductibility of interest. This offer may be withdrawn at any time.

Additional Product Information (Home Equity Loan and Home Equity Plus Loan):

• Loans from $25,000 to $250,000 have a maximum CLTV of 90%
• Loans from $250,001 to $350,000 have a maximum CLTV of 70%
• Full appraisal required for a loan above $250,000 and refundable upon closing
• Minimum loan amount is $25,000. Existing Cornerstone Bank Home Equity Loan customers must apply for and be qualified for an additional $25,000 over the payoff of the existing loan

Home Equity Line of Credit	Home Equity Plus Line of Credit
Term	APR*	Rate Parameters	Term	APR**	Rate Parameters
10 Year Draw Period, followed by 10 Year Repayment Period	3.25%	Introductory rate applies. 1.99% APR for the first six months; 3.25% variable APR thereafter. Rate based on current prime rate plus 0%, with a floor of 3.25%.	10 Year Draw Period, followed by 10 Year Repayment Period	5.25%	No introductory rate option. Rate based on current prime rate plus 1.50%, with a floor of 5.25%.

*Annual Percentage Rate (APR):  Promotional rate of 1.99% is fixed for the first six months, followed by a variable rate which is adjusted monthly based on the Prime Rate as published in the Wall Street Journal. Minimum APR is 3.25% with a maximum APR of 18.00%. Rate quoted is for owner occupied 1-4 family properties, owner occupied residential condominiums and second homes with a maximum CLTV of 80% of the appraised value.

**Annual Percentage Rate (APR):  Interest rate is a variable rate which is adjusted monthly based on the Prime Rate as published in the Wall Street Journal plus 1.50%. Minimum APR is 5.25% with a maximum APR of 18.00%. Rate quoted is for owner-occupied single-family properties and owner-occupied residential condominiums with a CLTV of 80.1% to 90%.

Payment plans are 10 years interest only with a minimum monthly payment of $50 during the draw period, followed by 10-year repayment period of principal and interest payments. An early termination fee of $500 will be assessed at the time of payoff if the line of credit is closed within 36 months of the date of the Note.

Property insurance is required. Loan offer is subject to credit approval and other terms and conditions apply. Consult a tax advisor regarding the deductibility of interest. This offer may be withdrawn at any time. Rate is effective August 18th, 2021 and is subject to change.

Additional Product Information (Home Equity Line of Credit and Home Equity Plus Line of Credit):

• Lines from $10,000 to $250,000 have a maximum CLTV of 90%
• Lines from $250,001 to $350,000 have a maximum CLTV of 70%
• Full appraisal required for a loan above $250,000 and refundable upon closing
• Minimum line amount is $10,000. Existing Cornerstone Bank Home Equity Line of Credit customers must apply for and be approved for an increase in their current line by at least $10,000 to qualify

Prime Rate as of:

3/16/2020

3.25%

On all Equity Loan and Line Products, properties with two to four units, or over 10 acres or held in Chapter 61, 61A, 61B, will require a full appraisal at the borrower’s expense, refundable upon closing. Appraisal fees range from $500 to $690 depending on the type of property. The fee may be forfeited on withdrawn or denied applications. Chapter 61 properties maximum LTV is 70%.