Special Home Equity Line of Credit Offer

Planning a home renovation or looking at a major expense?

Cape Cod 5 Home Repair Icon

 

Cape Cod 5 is offering qualified borrowers a home equity line of credit with a special introductory fixed rate:

3.99% APR

for the first 12 billing cycles*

After the introductory period, the interest rate is based upon WSJ Prime:

Currently

5.25% APR

as of August 1, 2019

 

Additional discount opportunities are available at the time of closing and become effective once the introductory rate period expires.

 

Online Banking Icon0.25% Electronic Banking Discount

In order to qualify for this discount you must have:
  • A Cape Cod 5 Online Banking relationship
  • Automatic monthly payments to your HELOC from a Cape Cod 5 deposit account
  • eStatements


Banking Center Icon0.25% Premier5 Banking Discount

In order to qualify for this discount you must have:
  • Premier5 Banking relationship
  • Automatic monthly payments to your HELOC from the Premier5 checking account

 

The Details
  • To be eligible for the 3.99% APR introductory fixed rate, borrower must maintain automatic payments from a Cape Cod 5 deposit account
  • All borrowers must have a median FICO score of 700 or above at the time of application to be eligible for the 3.99% APR introductory fixed rate
  • Electronic Banking discount and Premier5 Banking discount are available regardless of whether or not borrower qualifies for introductory rate
  • Electronic Banking discount requires retaining a Cape Cod 5 Online Banking relationship and subscribing to eStatements exclusively
  • Borrowers must maintain eligibility requirements for the Electronic Banking or Premier5 Banking discounts in order to retain the discount rate
  • Subject to credit approval
Cape Cod 5 Rate Icon
 

To get started on your Home Equity Line of Credit, complete an online application, contact a Mortgage Loan Officer or visit a Banking Center near you today.

 

More on Cape Cod 5 Home Equity Lines of Credit & Loans

*Post introductory period Annual Percentage Rate is Wall Street Journal Prime. Annual Percentage Rate will never be more than 18.000% or less than 2.75%. This is a variable rate product. Property insurance is required. Additional discounts may be available subject to underwriting guidelines. An annual fee of $50 will be assessed. An early termination fee of $400 will apply if the line is terminated within the first 24 months. You also must pay certain fees to third parties. These fees generally total between $0 and $2500. If you ask, we will give you an itemization of the fees you will have to pay to third parties.

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