A HELOC offers competitive financing for ongoing or seasonal needs:

• Education expenses
• Major life events
• Home improvements
• Debt consolidation
• Flexible repayment terms

Benefits of opening an Evergreen Home Equity Line of Credit:

• Funds available anytime without reapplying; apply once, then use repeatedly thereafter
• Revolving credit, as principal is repaid, more becomes available for use
• The interest paid may be tax deductible²
• Local decision-making and processing
• Attentive, friendly service from start to finish

HELOC Disclosures

What You Should Know About Home Equity Lines of Credit

• 10 Year Interest Only Draw Period/10 Year Principal and Interest Repayment Period
• IL Property Only, Primary Residence, Owner Occupied, Single Family Residence or Condo (no multi-unit or co-op properties)
• Processing fee $295/file at closing 
• Annual Fee $50
• Early Termination Fee (if account is closed within 24 months of opening) $350
• HELOC payments are due on the 25th of each month (statements are generated on the last day of each month)
• Minimum advance draw is $500 after initial $20,000 draw.
• Property insurance is required
• Credit subject to approval
• Rates are variable and are based on the Wall Street Journal Published Prime Rate
• Rates, terms, and conditions are subject to change at any time

APR (Annual Percentage Rate) based on your Combined Loan-to-Value (CLTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime + 0.00% to Prime + 2.50%, subject to change with Prime. As of today, the Prime Rate is 7.75%. The "ceiling" is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the Index + margin rate.

80% Combined Loan to Value Program

Combined Loan to Value: up to 80% Maximum Loan Amount $175,000

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 80%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.

85% Combined Loan to Value Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $125,000

(80% when 1st Mortgage Exceeds $1,000,000)

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 85%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.

90% Combined Loan to Value Program

Combined Loan to Value: 85.01% - 90% Maximum Loan Amount $100,000

Note: Rates are based on loan amounts, credit qualifications and FICO scores.

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 90%, owner-occupied properties, depending upon your commitment amount and credit qualifications. Offer applies to an owner occupied single family residence or condo and is subject to underwriting standards. Property insurance is required; flood insurance may be required. Rates are dependent on your loan amount, product and qualifications. Closing costs paid by Evergreen Bank Group are limited to title, appraisal, credit report, flood determination and recording fees. Consult your tax advisor regarding the tax-deductibility of interest. This offer cannot be combined with any other offer and can be withdrawn at any time without notice. Offer subject to credit approval, including verification of application information and receipt of collateral documents. This offer does not apply to purchase money transactions.