Banks of Unites States of America-mortgages, loans, repayment

HudsonCity Savings Bank-New York taxSense Home Equity Credit Line

* Two different types of lines of credit to choose from; Fixed Rate or Variable Rate
* Borrow up to $250,000
* No application fee
* No prepayment penalty
* 1-to 4-family, NY owner-occupied, primary residence
* Maximum loan is 80% of collateral value less first mortgage
* Interest may be tax deductible (check with your tax advisor)
* Filing fee and mortgage tax apply

Fixed Rate Line of Credit

* Current Annual Percentage Rate (APR) is 7.00% for the life of the loan (Interest Rate subject to change without notice)
* Five Year Draw Period during which the monthly billing is for Interest Only
* After the Five Year Draw Period the monthly payment will be 1/180 principal outstanding or $100.00, whichever is greater plus interest

Variable Rate Line of Credit

* Current Annual Percentage Rate (APR) is 3.250%. (Maximum Rate 16.0%)
* (Interest Rate subject to change without notice)
Rate varies monthly with Prime Rate (index) as published in the Wall Street Journal
* Ten Year Draw Period
* Monthly payment will be 1/240 principal outstanding or $100.00, whichever is greater plus interest.

The Current Annual Percentage Rate (APR) is 3.250%
(Interest Rate subject to change without notice)

Try one of our Financial Calculators to assist you in determining financing and payment options, and even compare loan rates easily!

For more information, visit one of our branches, call 1-800-222-0194, ext. 1332 or 1336, or click on this link to e-mail our Consumer Loan Department

More:www.hcsbonline.com
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