Home equity line of credit

Disclosures

¹Home Equity Line of Credit: No closing costs for home equity lines of credit up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Certain prepayment penalties may apply if the line is closed within the first three years. Please contact us for those amounts. There is no annual fee for borrowers with a Webster Private Checking Account relationship at the time of home equity line application. Annual fee for other account relationships is $50 per year. If you make interest only payments during the draw period, then at the start of the repayment period, your monthly payment will increase because you must now pay back the principal as well as interest. This offer is subject to change without notice. Lines are available for properties in CT, NY, MA and RI. Contact a Webster banker for availability in other states and for lines over $500,000.

²The fixed-rate option is only available during the initial line draw period (first 10 years), and available any time after the funding date and up to 90 days prior to the end of their draw period. Choose your repayment term: 5, 10, 15 or 20 years. Up to 5 Segments per account (Segment 1 is the base variable HELOC at Prime plus or minus a margin and 4 Fixed Rate Segments can be added for a total of 5). Minimum loan amounts are based on term selection. A one-time fee of $99 will be charged for each fixed segment. Fixed-segment payments include principal and interest. Ask a Webster representative for minimum loan amount requirements.

All loans and lines of credit are subject to credit approval. Please see a Webster banker for details.