Flex Rate Home Equity Line of Credit

Variable? Fixed? How about both! Now with Western's Flex Rate Home Equity Line of Credit (Flex Rate HELOC) you can enjoy the best of both worlds!

The Flex Rate HELOC is a variable rate home equity line of credit. At any time you have the peace of mind to choose to take your entire balance or a portion of your balance and lock it in at a fixed rate¹. Plus, as you pay off each fixed rate lock, funds become available to borrow again any time during the 15 year draw period.

It's the answer to the homeowner's question — "Should I get a variable rate home equity line of credit or a fixed rate loan?"

Features:

• Borrow up to $250,000 (minimum line of $10,000)²
• Variable rate HELOC with ability to request amount be locked into a fixed rate home equity loan at anytime¹
• Western pays up to $700 closing costs³
• Up to 80% combined loan to value (CLTV) financing
• Use your funds whenever you want during your draw period
• No annual fee
• 15 year draw/15 year repayment periods
• Interest may be tax deductible⁴

To access your Flex Rate HELOC, transfer funds online, use convenient Flex Rate HELOC checks⁵, or call us at 877-254-9328.

Benefits of Flex Rate HELOC:

• Revolving line of credit that allows you to borrow only what you need, when you need it
• Make payments based only on the portion of credit you've used
• Credit line replenishes as you pay down your balance on your line of credit and your fixed rate home equity loan
• The flexibility to lock into a fixed rate at anytime during draw period

Benefits of Fixed Rate Locks:

• Rate does not change
• Monthly payment amount is fixed — 15 year repayment period
• Allows you to take advantage of a low rate environment
• Have up to 3 fixed rate locks at one time

Apply online, call our Loan Services Center at 877-254-9328, visit your local branch, or request a Mortgage Packet today.

¹ Rate lock conversion fee is $25 per occurrence. Maximum three fixed rate loans open at anytime. Rates are subject to change.
² Credit limits are based on borrower(s) and collateral meeting credit criteria guidelines.
³ Closing costs range from $700 to $2,750 depending upon state. Estimate of costs will be provided if your request is approved. Credit towards closing costs not applicable on refinance of Western loans.
⁴ Please consult a tax advisor regarding the deductibility of interest and charges for this loan.
⁵ Terms and conditions on Texas properties differ.

Note: All properties must be owner occupied. Manufactured or mobile homes are not eligible for financing.