*APR = Annual Percentage Rate
**New auto loans require a 10% down payment or trade in.
***For used auto loans, the maximum loan that the bank will finance is the lesser of 75% of retail pricing or 100% of trade-in value from Kelly Blue Book, NADA or Edmunds online.
^The Interest Rate is a variable rate and will float with the index, the Wall Street Journal Prime Rate, except that regardless of changes to the index, at no time will the interest rate be lower than 5.00%. This is a line of credit plan, where the borrower may draw upon the line of credit for a period of 5 years followed by a repayment period of 10 years. Closing costs must be paid outside of settlement by the borrower. Home Equity Loans are available only up to 50% LTV (LTV refers to loan to value). The total Loan to value ratio is obtained by dividing sum of the current first mortgage balance and the amount of the proposed Home Equity Loan divided by the lesser of the appraised value or the purchase price if purchased within the most recent 12 month period. Customers who have their monthly auto or unsecured loan payment automatically deducted
from their Regal Bank & Trust deposit account will receive a 25 basis point reduction.
Assumptions
For current Mortgage Rates, contact Doug Bruchman in Owings Mills at 410.363.1772.
Rates, terms and conditions are subject to change at bank's sole
discretion without notice.
