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Home Equity Line of Credit Annual Percentage Rate (APR) is 5.75% for the first year. Thereafter, the APR will be based on the Prime Lending Rate as published in the Wall Street Journal minus 0.50% and adjusts quarterly. Prime Rate currently 6.25% as of 9/22/2022. Iron Country checking account with automatic deduction payment option required to be eligible for initial 12 month 5.75% APR and for 0.50% rate discount after the first year. New outstanding balance of $25,000 or more required at closing. If the line of credit agreement is paid down below $25,000 or closed within the first month after commencing a prepayment fee of $350 applies. Loans of greater than $50,000 are subject to a $250 origination fee. Title insurance required for loans greater than $100,000. On loans less than $100,000 a copy of current title insurance required. If not provided, the purchase of title insurance will be required. 1-4 family owner-occupied properties only. Property insurance required. Rates vary by overall credit worthiness and loan-to-value ratio of each applicant. Rates subject to change without notice. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The bank’s credit criteria apply. Subject to a Minimum of 4% and a Maximum of 18% over the life of the loan after the initial one-year promotional rate period with Iron Country Banking relationship and new outstanding balance.