| If the loan is terminated for any reason prior to 3 years from the date of closing, borrower will be required to repay third-party closing costs incurred by the bank to open your loan. These costs can range between $213.00 and $2997.64. 1Closed-end loans with terms in excess of 10 years include a call feature, and the rate and payment may increase at the time of modification. 2A 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. All loans are subject to credit approval. This material provided by Brian Murphy. ©2022 Broadridge Investor Communication Solutions, Inc. All rights reserved. |
