Home Equity Lending

Home Equity Line of Credit Annual Percentage Rates (APRs) shown are for variable-rate lines of credit for the displayed line amount. Line amounts range from $10,000 to $1,000,000. Rates may vary by line amount. Variable APRs for line amounts from $10,000 to $1,000,000 currently range from 4.00% to 9.75%. The APR will never be more than 24.00%.

All APRs shown include a 0.25% discount for automatic payments from a PNC checking account.  The displayed rates are available to well-qualified applicants. Your APR may be higher and will be based upon multiple factors such as credit qualifications, loan amount, repayment term, lien position, occupancy type, loan to value ratio.

Closing Costs.  The fees you will have to pay at closing may range from $49.00 to $363.00.  These fee ranges assume you apply and close in the state where your collateral is located.

Reimbursable Fees:  PNC Bank will pay certain closing costs including, as applicable, certain state transfer taxes and fees on your behalf.  If you pay off your loan within the first 36 months, you will be required to reimburse us for those closing costs.  The amount you must reimburse us will decrease each month by 1/36^th of the original amount we paid for you.

Insurance:  You are required to carry property insurance on the property that secures your account.  Title insurance may be required for loans of $500,000 or more and for loans of lesser amounts depending on a number of factors, including the manner in which the property was acquired.

Refinancing at a longer repayment term may lower your loan payment but may also increase the total interest paid over the life of the loan. Refinancing at a shorter repayment term may increase your loan payment but may lower the total interest paid over the life of the loan. Contact us to discuss the option that best meets your needs.

This product is not available in Special Flood Hazard Areas.

Interest is charged on the outstanding balance on a daily basis, which means that late payments will result in additional interest and early payments will result in less interest being charged. Early and / or late payments will cause the amount of the final payment to change.

PNC is a registered service mark of the PNC Financial Services Group, Inc.  (“PNC”) All loans are provided by PNC Bank, National Association, a subsidiary of PNC and are subject to approval and property appraisal.  For more information, visit Home Equity Loans & Lines of Credit on pnc.com.

How We Calculate Your Payment:

Interest is charged on a daily basis accoding to the outstanding balance subject to interest on each day. That means late payments will result in additional interest and early payments will result in less interest being charged. Early and/or late payments will cause the amount of the final payment to change.