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Home Equity

Variable Rate Home Equity Loans and Credit Lines
Type of Accounts	Term in months. Finance up to	APR	Loan-to-Value (LTV) Ratio	Minimum Draw	Maximum Draw
Prime Advantage Home Equity Line of Credit **	10 year draw period/ 15 year payback period	Introductory rate: Prime minus 1% for the first year (3.00%), then Prime plus 0% (Rate Adjusted Quarterly)**	Up to 80% LTV	None	$200,000
Equity Plus Home Equity Loan***	180 months	5.75%	81-90% LTV	None	$50,000

Example: A $25,000 loan at 5.75% APR. 180 monthly payments of approximately $228.42. Total finance charge of approximately $13,674.62. Price includes credit protection.

Fixed Rate Home Equity Loans (LTV & APR)
Type of Accounts	Term in months. Finance up to	APR²	Loan-to-Value (LTV) Ratio	Minimum Draw	Maximum Draw
EnergySmart Home Equity^	60 months	5.65%	up to 80% LTV	$10,000	$100,000
EnergySmart Home Equity^	61-120 months	6.15%	up to 80% LTV	$10,000	$100,000
Real Smart Home Equity ****	60 months	5.90%	Up to 80% LTV	$10,000	$100,000
Real Smart Home Equity ****	61 - 120 months	6.40%	Up to 80% LTV	$10,000	$100,000
Real Smart Home Equity ****	121-180 months	6.90%	up to 80% LTV	$10,000	$100,000
Real Smart Home Equity ****	60 months	7.15%	Up to 90% LTV	$10,000	$100,000
Real Smart Home Equity ****	61 - 120 months	7.65%	Up to 90% LTV	$10,000	$100,000
Real Smart Home Equity ****	121-180 months	8.15%	up to 90% LTV	$10,000	$100,000

APR equals Annual Percentage Rate

Example: A $20,000 loan at 5.65% Annual Percentage Rate. 60 monthly payments of approximately $407.65. Includes credit protection.

Example: A $30,000 loan at 7.65% Annual Percentage Rate. 120 monthly payments of approximately $400.30. Includes credit protection.

Effective date 11/12/2008

¹Subject to credit approval. Restrictions Apply.

^EnergySmart loan can be used for appliances and heating and cooling materials for your home. This includes, but is not limited to, boilers, central air conditioning, ceiling fans, windows, doors, skylights, washer and dryers, dishwashers and refrigerators. Minmum amount that can be borrowed is $10,000, with maximum of $100,000. No other discounts apply.

²Rates include .25% discount for payments made through payroll deduction or automatic transfer from another NECU account, plus .25% discount for an active Northeast VISA credit card. "Active" defined as having a transaction (purchase, cash advance or payment) in the last 90 days. And, .25% discount for having eChecking or Relationship Checking with eStatements and an active CyberPay account. "Active" is defined as having used CyberPay in the last 3 months.

**The index for the Prime Advantage Line of Credit is the Wall Street Journal Prime Rate. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of the last day of the calendar quarter before the date of any annual percentage rate adjustment plus a margin of 0%. The current rate as of 10/29/2008 is 4.00%. Maximum credit line is $200,000. The maximum APR that may be imposed is 18% in a variable-rate plan. Prime Advantage Home Equity Line is a member service of Northeast Credit Union. No closing costs to first time applicants. Otherwise closing costs range from $275.00 to $350.00. Does not apply to required property insurance. Flood insurance is required if the property is located in flood zone. Subject to credit approval.

***The Equity Plus Home Equity Loan Rate is based upon the Wall Street Journal Prime Rate. When a range of rates has been published, the highest rate will be used. We will use the most recent index value available to us as of the last day of the calendar quarter before the date of any annual percentage rate adjustment plus a margin of 1.75% for loan to value of 81 to 90%. Maximum loan amount is $50,000. Subject to credit approval.

****RealSmart Loan minimum amount is $10,000, maximum $100,000. Closing costs waived for the first loan. Does not apply to required property insurance. APR ranges from 5.90% to 8.15% depending on term and loan to value.
Rates are subject to change. Please call a Northeast representative for further information at 603-436-1847 or toll free at 1-888-436-1847. Subject to credit approval.

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