Home Equity Line of Credit
Current Rates - Effective Wednesday, November 19, 2008
All rates are accurate as of the effective date and are subject to change at any time.
| Product | APR* | Monthly Payment per $10,000 |
| Home Equity Line of Credit | 4.00% (Prime) | $83.33 P&I($33.33 INT ONLY) |
| Advantage Home Equity Line of Credit | Prime - .50% |
^ Monthly payment based on principal + interest payments. Interest-only payment option also available. Minimum monthly payment required is $25.00
* Variable APR (Annual Percentage Rate) based on the Wall Street Journal Prime Rate (Prime) published on the last business day of the month. Maximum APR is 18%. As of 10/31/2008, the Prime rate is 4.00% and is subject to change. Available for qualifying properties in MA for lines between $20,000 and $500,000 with a loan-to-value (LTV) of 75% or less if NCB holds first mortgage and 70% or less if first mortgage is with another lender. Subject to credit approval. Loan subject to $300 early closing termination fee in the first 36 months. See a Bank representative for more details. See your tax advisor regarding deductibility of interest.
Rates are subject to change without notice.
Customers should contact a bank employee for further information concerning fees and terms applicable to the advertised account. All accounts are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and Share Insurance Fund (SIF).
