Home Equity Loans & Lines of Credit

Leveraging the equity you've built in your home is a great way to take advantage of smart borrowing options.

With a home equity loan or line of credit, you can:

• Get the cash you need to consolidate debt, remodel your home, pay tuition or make a major purchase.
• Enjoy a lower interest rate than most credit cards and other types of loans.
• Save money; interest paid may be tax deductible¹.
• Simplify your finances by consolidating to a single payment.

Plus, with our flexible variable rate Home Equity Line of Credit, you can convert outstanding balances to a fixed interest rate for a fixed term at any time with up to 5 fixed rate segments at any one time. This stabilizes your monthly budget and lets you lock your interest rate so you can avoid paying more interest if variable rates rise.

Which Home Equity Option With No Closing Costs and No Origination Fee² is Right for You?

All loans and lines of credit are subject to approval, including verification of acceptable income, creditworthiness, and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply.

¹ Consult your tax advisor regarding deductibility of interest.

² Property appraisal is required to determine qualification for loan and amount. Property hazard insurance is required. Flood insurance and/or title insurance may also be required in some situations.

³ Payment example: If you opened a new 25-year loan in North Carolina for $100,000, you would make 300 payments of $752. Example assumes an 80% loan-to-value ratio on a primary residence, and an Annual Percentage Rate (APR) of 7.69% (as of 01/16/08). Actual payments and rates may vary, and rates may vary by state. APR includes all eligible discounts, including a 0.25% discount for having automatic payments from an XYZ Bank account and a 0.25% discount for having one of the following eligible XYZ Bank relationship accounts: A, B, C or D. Automatic payment from an XYZ account is required for relationship discount. You are not required to have a relationship to obtain a home equity loan at an undiscounted rate. APR will be higher if discounts not selected.

⁴ The monthly payment amount for a $40,000 home equity line of credit in North Carolina is $206. Example assumes an 80% combined loan to value (CLTV) ratio on a primary residence and full utilization of the line with an interest-only payment at an annual Percentage Rate (APR) of 6.24% as of 02/01/08. Actual payments and rates may vary, and rates may vary by state. APR includes all eligible discounts, including discounts of 0.25% for having a qualified XYZ Bank relationship account, 0.25% for having payments automatically deducted from an XYZ account, and 0.25% for making a minimum $25,000 draw at closing. Automatic payment from an XYZ account is required for relationship discount. You are not required to have a relationship to obtain a home equity line of credit at an undiscounted rate. APR will be higher if discounts not selected. Paying the minimum payment will result in a balloon payment when the credit line matures.

⁵ Your Annual Percentage Rate (APR) may vary and will be established using a base rate of Prime Rate (as published in the Wall Street Journal Eastern Edition on the 25th day of the month—current rate is 5.25% as of March 18, 2008) plus or minus a margin disclosed to you at the time of application. The margin may be as low as Wall Street Journal Prime minus 0.50% or may be higher depending on your creditworthiness, loan-to-value ratio, and other factors. Rates are variable but will not exceed 16% in NC and GA, 18% in AL, SC and FL and 24% in VA.