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Home Equity Rates

Interest rates and annual percentage rates are subject to change and are accurate as of 08/28/16. A late charge of 5% of the past due payment will be assessed if your payment is past due. All loans are subject to credit approval by Royal Bank America. Maximum loan to value (LTV) is 80%. Property insurance is required. You may not use this home equity loan/line for commercial purposes.  All rates shown are Annual Percentage Rate (APR). NMLS 883925

HOME EQUITY LINES OF CREDIT (with Direct Debit from Royal Bank America account | No Application Fee | No Early Termination Fee | No Annual Fee |title insurance applies to amounts above $250,000)

Amount Financed APR (Variable**)
$10,000 – $49,999 3.75% APR (prime + 0.25%)
$50,000 – $415,000 1.99% APR (prime -1.51%)  intro for 6 month with the go to rate of 3.24%APR (Prime -0.26%) thereafter***

HOME EQUITY LINES OF CREDIT (without Direct Debit from Royal Bank America account | No Application Fee | No Early Termination Fee | No Annual Fee |title insurance applies to amounts above $250,000)

Amount Financed APR (Variable**)
$10,000 – $49,999 4.75% APR (prime plus 1.25%)
$50,000 – $415,000 4.50% APR (prime plus 1.00%)

**Variable rate is based on Wall Street Journal Prime (3.50% as of 06/15/16) and is subject to change. Minimum APR is 2% and maximum APR is 18%.

HOME EQUITY LOANS (with Royal Bank America in 1st lien position and with Direct Debit# from Royal Bank America account | No Application Fee)

Term/Years Amount Financed($10,000 – $49,999) Amount Financed($50,000 – $250,000)
1 – 5 Years 3.74% APR Fixed 3.49% APR Fixed
6 – 10 Years 4.24% APR Fixed 3.99% APR Fixed
11 – 15 Years 4.74% APR Fixed 4.49% APR Fixed

HOME EQUITY LOANS (with Royal Bank America in 2nd lien position and with Direct Debit# from Royal Bank America account | No Application Fee)

Term/Years Amount Financed($10,000 – $49,999) Amount Financed($50,000 – $250,000)
1 – 5 Years 4.74% APR Fixed 4.24% APR Fixed
6 – 10 Years 5.24% APR Fixed 4.74% APR Fixed
11 – 15 Years 5.74% APR Fixed 5.24% APR Fixed

#All home equity loan rates without Direct Debit from a Royal Bank America account are plus .50%. Fees may be assessed for an appraisal, title search, credit bureau, mortgage recording or satisfaction fee.

*** The introductory fixed Annual Percentage Rate (APR) shown equates to Prime minus 1.51%.  This APR will apply to the first six (6) full billing cycles after closing.  Thereafter the APR will be at Prime minus 0.26%.  Rate as shown for lines of $50,000-$415,000 and automatic payment (direct debit) from a Royal Bank America (RBA) checking account and a draw of $15000 within the first 30 days after closing. Rates are 1.00% higher without direct debit and 1.00% higher without a draw in the first 30 days. APR is a variable rate and is subject to change.  Rates are accurate as of June 15, 2016 and are based on Wall Street Journal Prime (3.50% as of June 15, 2016). Applications must be completed and received by August 31, 2016.  Minimum APR is 2%. Maximum APR is 18%. No application/annual/closing fees apply for lines of $50,000 to $250,000. Title insurance is required for lines of $250,001 to $415,000.  A late charge of 5% of the past due payment will be assessed if your payment is past due. All loans are subject to credit approval by RBA. Maximum loan to value (LTV) is 80% for primary, in-market residences only. Property insurance is required. You may not use this home equity line for commercial purposes. Other rates and terms available. Please visit royalbankamerica.com or one of our convenient branches to speak with a bank representative.  NMLS 883925.

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