Current Promotion
The percentage discount when a customer spends $5000 towards energy efficiency upgrades
0.125%
The annual fee of a home equity line is
$75.00
A customer can apply in these two ways
Branch or online
The minimum interest-only payment
$100
Types of improvements that qualify for energy efficient upgrades
Solar panels, new HVAC system, insulation, roofs, windows, exterior doors
The annual of a home equity line is waived for this many years
1
The estimated time to close
4-6 weeks
Max amount for a HELOC
$2 million
The autopay discount for payments coming from a BOTW acct
0.125%
The cost of the appraisal to the client is
FREE
These two types of documents are required for proof of personal financial qualifications
Most recent tax returns and W2s
Minimum amount for a HELOC
$15k
The max amount of initial draw discount a customer can receive
0.5% (0.1% per $10k)
The closing cost of the HELOC
$0
The number of financial statements typically required (bank acct, 401k, etc)
3 months worth
Amount customer must draw to qualify for energy efficiency discount
$5k
The amount of assets a customer must have with BOTW in order to receive the 0.25% relationship discount
$100k
The cost to set a fixed rate loan option (FRLO)
$100
The branch's assigned HELOC advisor
The HELOC hotline (*456)
Because of the max LTV of 80%, a home worth $350k could qualify for a HELOC in this amount
$280k