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HOME EQUITY LOANS & LINES OF CREDIT - DECEMBER 2014
Bank of the West Standard Rates with Automatic Payment*
HOME EQUITY LOANS2
1
▪80% CLTV or less
▪Owner Occupied
AZ
CA
CO
ID
IA
KS
MN
MO
NE
NV
NM
ND
OK
OR
SD
UT
WA
WI
WY
▪Term: 15 years
▪Annual Percentage Rate (APR)
6.99%
APR
6.99%
APR
6.99%
APR
6.99%
APR
6.99%
APR
6.99%
APR
6.99%
APR
6.99%
APR
$8.98
6.99%
APR
(Monthly
6.99%
APR
Payment per
6.99%
APR
$1,000
6.99%
APR
Borrowed)
6.99%
APR
6.99%
6.99%
6.99%
6.99%
6.99%
6.99%
APR
APR
APR
APR
APR
APR
GOLD EQUITY CHOICE LINE OF CREDIT3
▪80% CLTV1 or less
▪10 year draw period
▪Owner Occupied ▪Annual Percentage Rate (APR)
AZ
4.75%
APR
CA
4.75%
APR
CO
4.75%
APR
ID
4.75%
APR
IA
4.75%
APR
KS
4.75%
APR
MN
4.75%
APR
MO
4.75%
APR
NE
4.75%
APR
NV
4.75%
APR
NM
4.75%
APR
ND
4.75%
APR
OK
4.75%
APR
OR
4.75%
APR
SD
4.75%
APR
UT
4.75%
APR
WA
4.75%
APR
WI
4.75%
APR
WY
4.75%
APR
*All Annual Percentage Rates listed reflect the discount available with automatic loan payment from a Bank of the West checking account.
▪ Annual Percentage Rates in effect for applications received on or after November 1, 2014 and no later than December 31, 2014 for all accounts.
▪ All loans/lines subject to credit approval.
▪ Additional fees, conditions and restrictions may apply. Rate and offer are subject to change without notice.
▪ Evidence of adequate property insurance required.
▪ Other products and terms available. Contact your local Bank of the West branch or call 1-866-269-2327 for current rates.
1
Combined Loan to Value (CLTV) is calculated by dividing the aggregate total of all mortgages by the value of the property.
2
The Annual Percentage Rates (APR) are for illustrative purposes only and assumes a lien in second position, 15-year loan term, subject property being owner
occupied with a maximum Combined Loan-to-Value of 80%. The APRs will be fixed for the life of the home equity loan for owner occupied properties in second
lien position with a maximum Combined Loan-to-Value (CLTV) of 80%. CLTV is calculated by dividing the aggregate total of all mortgages by the fair market
vale of the property. The APR is available to customers who choose an automatic payment from a Bank of the West checking account. Checking account has a
$100 minimum opening deposit. APR may increase if automatic payments are discontinued for any reason. Minimum loan amount is $5,000. Maximum loan
amount is $500,000.
3
The Annual Percentage Rates (APR) are for illustrative purposes only and assumes a lien in second position, subject property being owner occupied with a
maximum Combined Loan-to-Value of 80%. CLTV is calculated by dividing the aggregate total of all mortgages by the fair market value of the property. The
APR is available to customers who choose an automatic payment from a Bank of the West checking account. Checking account has a $100 minimum opening
deposit. APR may increase if automatic payments are discontinued for any reason. APR is variable and may change as often as monthly. The Gold Equity
Choice Line of Credit features a 10 year draw period followed by a repayment period. Prime is the Prime Rate as published in the Wall Street Journal. As of
November 30, 2014, the Prime Rate is 3.25%. APR does not include costs other than interest. The maximum APR is 18% or maximum allowed by state law.
Minimum APR is 3%. An Annual Fee of $75 applies, but is waived for the first year of the line of credit. Annual fee may be subject to state limitation; ask your
loan officer for details. Minimum credit line is $5,000. Maximum line of credit is $2,000,000. A credit line at 4.75% (Prime plus 1.50%) has an estimated monthly
interest payment of $39.58 per 10,000 borrowed; however the minimum payment amount is $100 during the life of the Credit Line Account.