HELOC

Initial Advance Input the initial advance amount taken when the loan is opened. Minimum Initial Draw Input the minimum credit advance that the borrower can receive when the initial draw is taken. Minimum Draw Input the minimum credit advance that the borrower can receive at any given time (not including the initial draw). Draw Period Input the period of time during which the borrower can obtain advances of credit. Draw Period Renewal Input the number of times the Draw Period may be renewed based upon a set number of year or month periods. For example: "The Draw Period may be renewed for up to _____ additional five year periods." Repayment Period Input the period of time during which the borrower must repay the outstanding loan balance, with accrued interest, but may not request further advances. The repayment period begins at the end of the Draw Period. Index Description Enter a brief description of the type of index used for the loan. (e.g., 1 Yr LIBOR, 11th District Cost of Funds Index) Index Input the current index rate for this loan. Margin Input the percentage rate of the margin for this loan. Arbitration State Law If the HELOC Agreement contains a mandatory arbitration clause, then indicate the state whose arbitration laws will apply in an arbitration to resolve a dispute regarding this HELOC Agreement. Arbitration City/State Input the city and state location where the arbitration will take place. Teaser Rate Input the low introductory interest rate available for a few months at the start of the loan. Teaser Term Input the number of monthly payments for which the Teaser Rate will be in effect. Teaser Margin Enter the percentage rate of the margin during the Teaser Term. Program Type Select a Program Type from the pull-down menu. Your options for Program Type may include: Full Cost No Cost Maximum APR Input the maximum Annual Percentage Rate that can be reached for the life of the loan. Minimum APR Input the minimum Annual Percentage Rate that can be in effect at any time during the life of the loan. Piggy Back Checkmark this box to indicate that this HELOC transaction is made simultaneously with a purchase money loan/mortgage and that both such loans are made for the purpose of acquiring the Property. First Loan Balance Input the unpaid balance of the first mortgage. Third Party Fees Less Than Enter the actual or best estimate of the minimum fees paid to - or to be paid to - third parties related to this transaction. Third Party Fees More Than Enter the actual or best estimate of the maximum fees paid to - or to be paid to - third parties related to this transaction.

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