Home Equity Line of Credit

EFFECTIVE  AS OF 7-6-06

No  Closing Cost*

 Intro Rate of 5.99^%APR** for the first 6 months

Interest  Only Payments

Sample

^$100,000     Payment = ^$499.17

then

Prime  - 1/2^%

for life of loan!

CURRENT RATE  7.75^% APR*

This program has the following outstanding features:

                         1.  NO CLOSING COST. 

                         2.  Loan to value 80%.  Other Line programs up to 100% loan to value.

                         3.  Interest only payments. 

                         4.  $25,000 minimum draw.

                         5.  Fixed Rate Lock-In option.

** Minimum Draw 25K, the APR may vary, Minimum APR 6^%  Max. 18^%, Property Insurance is required

* Lender Paid Closing Cost recaptured if loan closed within 3 years