+On new home equity lines of credit from $25,000 - $200,000, TowneBank will pay all closing costs, including a desktop appraisal. If you close your account within 36 months of opening, we will add any closing costs we paid on your behalf to your outstanding balance for our reimbursement. Total closing costs generally range from $525 - $1,750. For new home equity lines of credit with loan balances of $25,000 or greater, the introductory rate will be in effect for the first twelve (12) months after your account is opened. Upon expiration of the introductory rate, all balances will accrue interest at the Prime Rate + .50% (currently 4.75% APR). The rate is variable and the maximum Annual Percentage Rate (APR) is 16% or as applicable by law. The Prime Rate is a variable rate based on the Prime Rate published from time to time in the Wall Street Journal. As of June 15, 2017, the Prime Rate was 4.25%. Normal credit approval criteria apply. Property insurance is required. This offer is available only on owner-occupied or secondary single-family residential real property located in the Hampton Roads and Richmond areas of Virginia and Currituck and Dare Counties, North Carolina. TowneBank must obtain a valid first or second lien position on the collateral, and all owners of the collateral must sign the documents. Borrow up to 80% of the home’s value. Available equity depends on balance of other loans tied to the property. Exclusions and limitations may apply. Please consult your tax advisor regarding the deductibility of interest. This Home Equity Line of Credit offer is available through June 30, 2017. Our offer is subject to change without notice.