Advertised rates apply to new FlexEquity applications received between 4/1/2024 and 5/31/2024 and are subject to credit approval. (1) Limited to 1–4-unit owner occupied primary and secondary homes in 1st or 2nd lien position. Property insurance and flood insurance, if applicable, are required. Title insurance may be required. Minimum line amount is $10,000 and maximum line amount is $250,000. This is a balloon mortgage. The entire outstanding balance will be due 20 years from the date of the credit line agreement. (2) The Introductory rate is fixed for the first 6 billing cycles the account is open. No other discounts are available during the introductory rate period. (3) Accounts closed within 3 years of account opening are subject to reimbursement of 3rd party fees paid by CNB to establish your account. These fees range from $249.50 to $2,372.64. (4) Once the introductory rate expires, the fully indexed rate will be the highest Prime rate published in the Wall Street Journal (WSJ) on the first day of the month it is published plus a margin. Your variable rate APR will be between Prime - 0.25% (currently 8.25%) and Prime + 1.325% (currently 9.825%). Fully indexed APR is based on line amount, lien position, loan to value and discounts available for establishing automatic payments from a CNB deposit account. Rate will never be higher than 16.98%. The WSJ Prime rate is 8.50% as of 3/1/2024. Rates are subject to change. (5) A conversion fee of $49 may be assessed for each sub-loan established. Sub-loans require a minimum loan amount of $5,000. Fixed rates on sub-loans will be quoted at the time of request and will not increase during the term of the sub-loan. Maximum number of active fixed sub-loans is five. Maximum term on fixed sub-loans is 10 years but not to exceed maturity date of FlexEquity. The intro rate does not apply to fixed rate sub-loans. NMLS #501867 | 72 S Main St, Canandaigua, NY 14424