Annual Percentage Rate (APR) is a fixed rate for the first three years, after which, the APR becomes a monthly variable, indexed to Wall Street Journal Prime minus 1.00%. APR will never fall below 6.00% or exceed 9.00%. Draw period is 10 years. Interest only payments for the first full ten years. A balloon payment may result. $250 origination fee. No closing costs. Property insurance required. Consult your tax advisor regarding deductibility of interest. Add 1.00% to the APR it the total loan-to-value exceeds 80%. Add 0.25% to the APR if no other Verus Bank relationship is maintained.

For example:	Property Value	$100,000.00
		X 80%
Maximum Mortgage Balance		$80,000.00
Minus: First Mortgage Balance		($60,000.00)
Home Equity Loan Eligibility (est.)		$20,000.00

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