Let us help by taking advantage of our Special Home Equity Line of Credit Offer for CDGA Members.
After the first year, take an extra 25 basis points off your variable rate.
Here’s how it works.

**The Annual Percentage Rates (APRs) are accurate as of 1/14/20. The total term of the HELOC is 360 months. During the first 10 years, the “Draw Period”, the introductory APR is fixed at 3.49% for the first 12 months. After the introductory period has ended, the APR is a variable rate based on the Wall Street Journal Prime Index plus an applicable margin for the remainder of the draw period. Starting year 2 through year 10, the APR could be as low as 4.50% to 11.50% . Rates may vary depending upon credit line amount, combined loan-to-value, credit history, and property type. Your payment will be the greater of interest only or $35 during the Draw Period. After the draw period, the loan enters a maximum 20 year repayment period of principal plus interest.  The APR during the repayment period is Prime plus 1%. The minimum principal payment during the repayment period is calculated at 0.417% of the ending loan balance after the draw period expires or $100, whatever is greater.  The minimum APR is 3.49% and the maximum APR is 18.00%. There is an annual fee of $50, which will be waived during the first year. Property insurance is required and flood insurance may be required. Consult a tax advisor regarding the deductibility of interest. All third party closing costs are paid by Republic Bank of Chicago. For HELOCs closed simultaneously with a first mortgage only, there is a $199 processing fee plus title, recording and appraisal fees. Pricing shown assumes borrower meets underwriting guidelines, otherwise a higher APR may apply or credit may not be available. Early termination fees may apply. To receive the promotional rate, you must have an automatic payment from a Republic Bank of Chicago depository account. See your loan officer for details.