Loan Rates

*The "Equity Plus" Revolving Line of Credit has a Variable Annual Percentage Rate (APR) equal to the Wall St. Journal Prime (WSJP) less .25% for lines of $50,000 or more. Lines less than $50,000 have a variable APR equal to the WSJP plus 1.00%. There is a .25% discount on the variable loan payment when it is deducted from a Rockport National Bank checking account, subject to a floor of 4.00%. The APR can change monthly after remaining fixed for 1 day. Minimum Payment Requirement: The amount of accrued finance charges plus 0.5000% of the principal balance outstanding on the last day of the billing cycle. The minimum monthly payments may not be sufficient to fully repay the principal balance that is outstanding on your Line of Credit at the end of 10 years. If they are not, you will then be required to pay the entire balance in a single payment. The payments shown are principal and interest only; they do not reflect taxes and hazard insurance. **For rate lock loans $10,000 or more, please see the current rate for the fixed rate lock in above. A maximum of 5 rate locks are allowed. The first rate lock is free; each additional rate lock is $75.00. The loan to value ratio cannot exceed 80%. Eligible on 1-4 family owner-occupied residences only. Property insurance required. There is a penalty for early termination, defined as within 12 months. The rate/offer is subject to change without notice. Closing costs apply. The Equity Plus program is for new lines only. Existing RNB Rockline customers can switch to the new program by signing a Change of Terms & Conditions form and paying a $100.00 fee. The interest you pay may be tax deductible, so please contact your tax advisor.***The Installment rates shown reflect a .25% discount on the APR when it is deducted from a Rockport National Bank Checking account. Please see our Disclosures for additional information. Checking account holders not electing automatic charge and non-account holders will pay an additional .25% above the stated APR.