Home Equity Lines of Credit

Benefit Home Equity Blend rates are fixed for 36 months then convert to variable rates that can change monthly. The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime Rate published in the “Money Rates” section of The Wall Street Journal. Early Termination Fee of $450 if the line is terminated within the first 36 months; 12 months for Rhode Island. Early Termination Fees are not applicable for Vermont, North Carolina or South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $550 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited to the borrower(s) credit score(s). Ten-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.

Early Termination Fee of $450 if the line is terminated within the first 36 months; 12 months for Rhode Island. Early Termination Fees are not applicable for Vermont, North Carolina or South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $550 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Seven-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.

Early Termination Fee of $450 if the line is terminated within the first 36 months; 12 months for Rhode Island. Early Termination Fees are not applicable for Vermont, North Carolina or South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $550 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Three-year advance period followed by a 10-year principal and interest repayment. Rate will not change during life of loan. Minimum credit advance $250. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.

The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime Rate published in the "Money Rates" section of The Wall Street Journal, plus or minus a margin. Early Termination Fee of $450 if the line is terminated within the first 36 months; 12 months for Rhode Island. Early Termination Fees are not applicable for Vermont, North Carolina or South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450. If determined to be required, valuation of property and/or title insurance may be obtained. Costs may range from $550 to $1,000. Maximum loan to value is 85 percent of appraised value, including any other existing liens. Line amounts between $10,000 and $1,000,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Ten-year advance period followed by a 15-year principal and interest repayment. Available for owner-occupied 1 to 4 family residential properties and second homes. A Hazard Insurance policy is required and must be approved by the bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.

Early Termination Fee of $450 if the line is terminated within the first 36 months; 12 months for Rhode Island. Early Termination Fees are not applicable for Vermont, North Carolina and South Carolina properties. Massachusetts properties' Early Termination Fee is ≤ 2% of the line limit, not to exceed $450.00. If determined to be required, valuation of property and/or title insurance may be obtained and costs may range from $550 to $1,000. Maximum loan to value is 60% of appraised value, including any other existing liens. Line amounts between $10,000 and $250,000 are based on total exposure (all debts on the property) and are limited by the borrower(s) credit score(s). Ten-year advance period followed by a 15-year principal and interest repayment. Minimum credit advance $250. Available for non-owner-occupied 1 to 4 family residential properties. A Hazard Insurance policy is required and must be approved by the Bank prior to closing. All loans are subject to credit approval by Bangor Savings Bank. Interest Rate is adjustable throughout the life of loan. The maximum annual percentage rate that may be imposed is 18.000%. The variable rate is tied to the highest domestic Prime rate in the "Money Rates" section of The Wall Street Journal, plus or minus a margin. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.

A Land Appraisal is always required for this product and the cost is the applicant’s responsibility. If determined to be required title insurance may be obtained. Costs may range from $550 to $1,000. Maximum loan to value is 65 percent of appraised value. Line amounts between $10,000 and $250,000 are based on total exposure (all debts on the property), 1st liens only and are limited by the borrower(s) credit score(s). Two-year advance period followed by a 8-year principal and interest repayment. Rate will not change during life of loan. Minimum credit advance $250. All loans are subject to credit approval by Bangor Savings Bank. Interest rates and annual percentage rates are subject to change without notice and are accurate as of March 15, 2024.