Home Equity

*Home Equity Plus Loan is a secondary mortgage on primary 1 – 2 family residences only. Maximum secondary mortgage amount is $250,000. Maximum approved financing is 100% of appraised value of house minus existing first mortgage balance. Saratoga National Bank checking or savings account required. Terms and conditions apply. Please contact a bank representative for complete details. Subject to credit qualified.

**Home Improvement Loan is a secondary mortgage on primary 1 - 2 family residences only. Maximum secondary mortgage amount is $250,000. Maximum approved financing is 133% of appraised value of house minus existing first mortgage balance.  Saratoga National Bank checking or savings account required. Terms and conditions apply. Please contact a bank representative for complete details. Subject to credit qualified.

†Home Equity Plus Line of Credit advances may be taken by using Internet Banking or visiting a branch office. Special request may be made for Home Equity Line checks. Interest accrues from the date of advance. 7.99% APR applies for the first 36 months of the home equity line agreement. At conclusion of the 36 month introductory fixed rate period, APR will be calculated based on the highest Prime Rate published in the Wall Street Journal and will be Prime +2.00%. WSJ Prime Rate is presently 7.75% and last changed on 11/08/24. Rates are subject to quarterly adjustment throughout the term of line and will not exceed a maximum of 14.95% APR. Minimum payment of $100 on outstanding balances applies during the Draw Period. Minimum line is $10,000. This offer applies to consumer lines of $250,000 or less. If the home equity agreement is canceled for any reason within 3 years from closing date, the amount of closing costs and mortgage tax the Bank pays at closing (approximately $750 for a typical $25,000 line), will be added to payoff amount owed. Maximum approved financing is 100% of appraised value of house minus existing first mortgage balance, if any. Customer required to maintain property insurance. Saratoga National checking or savings account required. All or part of Home Equity interest may be tax deductible. Please consult with your tax advisor concerning your personal tax situation. All Annual Percentage Rates shown are accurate as of date of publication and are subject to change anytime at Bank’s discretion. Our last rate change was 11/08/24. Subject to credit qualified.

‡Home Equity Line of Credit advances may be taken by using Internet Banking, visiting a branch office or by requesting a fixed rate combo advance loan. Special request may be made for Home Equity Line checks. Interest accrues from the date of advance. Minimum combo advance is $5,000 with a maximum of four outstanding loans at any time with a maximum of nine over the term of your contract. As principal is repaid on the combo advance loan(s), the available credit on the line increases by an equal amount. 5.99% APR applies for the first 12 months of the home equity line agreement. This 5.99% interest offer does not apply if the line purpose is to refinance an existing Saratoga National mortgage or home equity balance. At conclusion of the 12 month introductory fixed rate period, APR will be calculated based on the highest Prime Rate published in the Wall Street Journal. WSJ Prime Rate is presently 7.75% and last changed on 11/08/24. For lines of $25,000 or more the APR will be Prime, for lines less than $25,000, the APR is Prime +.50%. Rates are subject to quarterly adjustment throughout the term of line and will not exceed a maximum of 14.95% APR. Minimum payment of $100 on outstanding balances may apply. The following is applicable to both the Home Equity Line and Loan. This offer applies to consumer lines or loans of $250,000 or less. Minimum line or loan is $10,000. For a typical installment loan advance of $25,000 over 10 years, your monthly payment would be approximately $290.18, assuming an automatic payment from a Saratoga National checking or savings account and an APR of 6.99%. If the home equity agreement is canceled for any reason within 3 years from closing date, the amount of closing costs and mortgage tax the Bank pays at closing (approximately $750 for a typical $25,000 line/loan), will be added to payoff amount owed. Maximum approved financing is 80% of appraised value of house minus existing first mortgage balance, if any. If the Bank determines Title Insurance is necessary, cost will be borne by customer. Customer required to maintain property insurance. Saratoga National checking or savings account required. All or part of Home Equity interest may be tax deductible. Please consult with your tax advisor concerning your personal tax situation. All Annual Percentage Rates shown are accurate as of date of publication and are subject to change anytime at Bank's discretion. Our last rate change was 11/08/24. Subject to credit qualified