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 with an introductory rate as low as 4.25%APR for the first 6 months¹. 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 rate². 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 $500,000 (minimum line of $10,000)³
• Variable rate HELOC with ability to request amount be locked into a fixed rate home equity loan at anytime²
• An introductory rate as low as 4.25% for 6 months (4.50% fully indexed rate)¹
• Western pays up to $700 closing costs⁴
• 90% Loan-to-Value financing
• Use your funds whenever you want during your draw period
• No annual fee
• No appraisal required on Home Equity Lines up to $20,000
• A 15-year draw/15-year repayment periods
• Interest may be tax deductible⁵

To access your Flex Rate HELOC transfer funds online, use convenient Flex Rate HELOC checks⁶ or call us at 310-381-2300 or 877-254-9328, option 4.

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
• Allows you to take advantage of a low rate environment
• Have up to 3 fixed rate locks at one time

Apply online today or call our Loan Services Center at 310-381-2300 or 877-254-9328, option 3, visit your local branch, or request a Mortgage Packet.

¹ The 4.25% Annual Percentage Rate is the lowest initial discount rate and applies for the first six months. At the end of six months, the fully indexed rate and margin will be applied to the account. As of April 30, 2008, the fully indexed rate on this variable rate loan is 4.50% APR. The maximum interest rate on this loan is 18% APR. Your rate may vary. Qualification is based on credit history, debt, loan-to-value and the ability to repay.
² Rate lock conversion fee is $25 per occurrence. Maximum three fixed rate loans open at anytime.
³ Must be owner occupied.
⁴ Closing costs range from $700 to $2750 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. If you close the loan within two years of funding/origination, you will repay Western $500 of the $700 credit towards closing costs.
⁵ Please consult a tax advisor regarding the deductibility of interest and charges for this loan.
⁶ Terms and conditions on Texas properties differ.

Note: Properties must be "Owner Occupied" and manufactured or mobile homes are not eligible for financing.