*This Home Equity Line of Credit bears an initial Annual Percentage Rate (APR) of 3.99% fixed for a period of one year from the date of origination. Following this initial rate period, the rate will vary adjusting daily to a rate equal to the Wall Street Prime Interest Rate minus .25%, currently 5.00% APR. This offer applies to new money only. The rate will never fall below 5.50% APR, nor rise above 25% APR. Monthly payment must be drawn from a Penn Security Bank checking account to obtain these rates. This offer is available to borrowers for owner-occupied 1-4 family residence with loan to value ratios up to 80%. Other rates and terms are available. This offer may be modified or discontinued without any notice.
** Fees will be waived if an initial draw of $10,000 or more is taken at closing and the line remains open for 36 months. If the line is closed within 36 months, the borrower agrees to repay all waived closing fees. If a draw of less than $10,000 is taken at closing, a documentation fee of $399 will be charged at closing.
*** Sample payment based on 5.50% APR for 20 years.