![]() ![]() For more information, visit Home Equity Loans & Lines of Credit on pnc.com.ĭuring the Draw Period, the current payment on the Variable Rate Part will be the greater of (1) $25.00 or (2) the sum of the Finance Charge on the Variable Rate Part, Annual Fees, if any, and other fees (but not including Late Charges) which have accrued during the Billing Cycle plus 1/360th of the Principal Balance in the Variable Rate Part at the end of the Billing Cycle. (“PNC”) All loans are provided by PNC Bank, National Association, a subsidiary of PNC and are subject to approval and property appraisal. ![]() PNC is a registered service mark of the PNC Financial Services Group, Inc. Contact us to discuss the option that best meets your needs. Refinancing at a shorter repayment term may increase your loan payment but may lower the total interest paid over the life of the loan. Refinancing at a longer repayment term may lower your loan payment but may also increase the total interest paid over the life of the loan. Your payments on this account do not include taxes or insurance. Insurance: In addition to any required title insurance, you are required to carry property insurance on the property that secures your account. See account terms or ask us for details.Ĭollateral Property: For loans in Texas, the property must be a homestead property. Transfer Fee: There is no fee for a Fixed-Rate Part established at the time of account opening. A $100 transfer fee is charged each time you establish a Fixed-Rate Part after account opening.įixed Rate Option: This account provides the option to convert some or all of the outstanding balance to a fixed APR for a term of 5-30 years. There are no reimbursable fees for Texas accounts. The amount you must reimburse us will decrease each month by 1/36th of the original amount we paid for you. If you pay off and close your line of credit within the first 36 months, you will be required to reimburse us for those closing costs. Reimbursable Fees: PNC Bank will pay certain closing costs including, as applicable, certain state transfer taxes and fees on your behalf. If title insurance is required, fees may range between $300 and $15,000. There is no annual fee for Texas accounts.Īccount Opening Fees: Title insurance may be required for lines of $500,000 or more and for lines of lesser amounts depending on a number of factors, including the manner in which the property was acquired. Your APR may be higher and will be based upon multiple factors such as credit qualifications, loan to value ratio, line amount, occupancy type of property, and the current variable-rate index plus a margin.Īnnual Fee: The annual fee is $50. The displayed rates are available to well-qualified applicants. All APRs shown include a 0.25% discount for automatic payments from a PNC checking account. ![]()
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