*Introductory 2.99% Annual Percentage Rate (APR) for First 12 Months. Interest only, with a $35 minimum monthly payment requirement during the draw period. Starting Year 2, your APR could be as low as 4.00% to 10.50% or a Variable Composite Rate based on the Wall Street Journal Prime Index + Applicable Margin (-0.50% to 6.00%) for remaining Draw Period of 108 months. Final Repayment Period of 240 months at the Variable WSJ Prime +1 point plus an Amortizing Fixed Principal Reduction of the Principal Balance (choosing either the greater of $100 or 0.417% as applied to your principal balance as of the end of the draw period). See program Disclosure for details. Maximum life-time APR of 18.00% and a Floor Rate of 3.49%. Annual fee $50. Fifty dollar Annual Fee waived for the first year . Property insurance will be required. Flood insurance required if necessary. Consult your tax advisor regarding deductibility of interest and charges. Other loan program conditions include: Loan to Value (LTV) 85% or less, based on a minimum credit commitment of $10,000. Home Equity Lines of Credit are limited to owner-occupied, 1-4 family principal residences located in the Chicago Metro area, and are subject to no less than a second lien position on your property. All Third Party Closing costs are paid by Republic Bank of Chicago. However, for Purchase Money HELOC’s, the following fees will apply: $199 Processing Fee plus Title, Recording and Appraisal fees. Early Termination Fees may apply. Standard underwriting guidelines apply. Subject to credit approval. Requires an automatic payment from a Republic Bank of Chicago depository account. By paying only the interest during the draw period, you will not build equity in your home by not reducing the principal balance of your loan. Additional home equity lines are available, ask your Residential Lending Mortgage Loan Officer. Rate accurate as of 1/24/2018.