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Home Equity Lines of Credit

Effective as of

October

6 ,

2008

Prime Rate Minus .50%

4.500 Current Annual Percentage Rate

Credit Line:		$10,000.00 to $250,000.00
Rate:		Prime Rate Minus .50% for the life of the line. Prime is determined on the 3rd Wednesday of the month as published in the Wall Street Journal.
Rate Cap:		Lifetime cap will be 18%.
Rate Floor:		4.00%
Payments:		1.6% of the principal balance or $50.00; whichever is greater. A Balloon payment may apply.
Term:		Draw period of ten years with a repayment period of ten years.
Closing Costs:		Waived if the account remains open for three years from the date of settlement. Estimated to be between $600.00 and $2200.00. If the account is closed during the first three year period, the waiver will be rescinded and the closing costs will be added to the balance of the account and will be due and payable immediately, without notice or demand, to Hamilton Federal Bank.
LTV:		80%

Consult your tax advisor regarding deductibility of interest.

Loan Amount:	$10,000.00 - $250,000.00
Rates and Terms:		RATE	APR	Monthly Payment per $1000 Borrowed
	42 month	5.250%	5.252%	26.12
	4 years	5.500%	5.502%	23.26
	5 years	5.875%	5.877%	19.27
	7 years	6.000%	6.001%	14.61
	10 years	6.125%	6.126%	11.16
	15 years	6.250%	6.251%	8.57
	20 years	6.500%	6.501%	7.46
Closing Costs:	Average between $600 and $2200 depending on loan amount and location of property.
LTV:	80% (appraisal value x.80 minus 1st principal balance)

NOTE: ANNUAL PERCENTAGE RATE (APR) IS CALCULATED WITH LOAN BALANCE ASSUMPTION OF $165,000.00.

RATES ARE SUBJECT TO CHANGE