Home Equity Lines of Credit

*If Home Equity Line of Credit is closed within the first three years after it is opened, you may be charged for any closing costs which were initially waived. This charge for waived costs includes (a) all closing costs that are not part of the finance charge, and (b) any portion of the finance charge related to the following: (i) title examination, abstract of title, title insurance, property survey, and similar purposes; (ii) preparing loan-related documents; (iii) notary and credit-report fees; (iv) property appraisal fees or fees for inspections to assess the value or condition of the property if the service was performed prior to closing, including fees related to pest-infestation or flood-hazard determinations; and (v) amounts required to be paid into escrow or trustee accounts if the amounts would not otherwise be included in the finance charge. Pursuant to 12 C.F.R § 1026.32, the recover of bona fide third-party charges will not be considered a prepayment penalty. $100,000 maximum HELOC amount. Automatic monthly payment is required from a HomeTown Bank Checking Account. If applicant does not currently have a HomeTown Bank checking account, one must be established.