Home Equity Line Rates

Check out our rates on home equity lines of credit to fit every need and budget.


Type Min/Max Line Amount LTV Current Rate APR
Liberty Home Equity
Line1
$10,000 - $24,999
Annual Fee:$50
≤75% LTV Prime Plus 1.25% 5.00%
Liberty Home Equity
Line2
$25,000 - $500,000
Annual Fee:$50
≤75% LTV Prime Minus .50% 3.25%
Liberty SoLo Home Equity
Line
3
$50,000 - $500,000
Annual Fee:$50
≤75% LTV Prime Minus 1.01%
For first 12 Months
2.74%
         

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As of 12/15/16 Prime Rate is 3.75%

1Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime plus 125 basis points. As of 12/15/2016, Prime Rate is 3.75% and the APR is 5.00%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $10,000, maximum is $24,999. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle.  The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 75% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee may be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.

2Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime Rate minus 50 basis points. As of 12/15/2016, Prime Rate is 3.75% and the APR is 3.25%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $25,000, maximum is $500,000. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle. The APR listed above includes an Autopay feature which represents a .25% interest rate discount for automatic deduction from a Liberty Bank account. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 75% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee may be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.

3
Not available to existing Liberty Bank Home Equity Line customers. Promotional Annual Percentage Rate (APR) of 2.74% is fixed for the first 12 full billing cycles. After fixed rate promotional period, the APR is a variable rate based on the Wall Street Journal’s Prime Rate minus .50%. As of 12/15/2016, Prime Rate is 3.75% with an APR of 3.25%. The minimum APR for the life of this line, after the first 12 full billing cycles is 3.00%; maximum is 18%. The APR includes an .25% Autopay interest rate discount requiring automatic deduction from a Liberty Bank account. Minimum line is $50,000; the maximum is $500,000. Annual fee of $50 due each year of the draw period beginning with the 12th billing cycle. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 75% of market value if total liens do not exceed $1,000,000 and the property is mortgage free or has a first mortgage held by Liberty. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied Connecticut residences that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee will be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.

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