A PrimeMinus home equity line of credit gives you access to cash when you need it with an APR that is typically lower than most credit cards. Fremont Bank offers many programs to suit your needs.

PrimeMinus
This line of credit is one of our most popular credit lines! It features a fully adjusted APR that can be below the Prime Rate. It's a great way to lower your monthly payments.

PrimeMinus 1st
This line of credit is perfect for those who own their home completely or almost have their mortgage paid off. You can refinance to take advantage of a lower interest rate and enjoy the flexibility of having a line of credit. Our PrimeMinus 1st line of credit can fully adjust below the Prime Rate.

Prime – Investment
Fremont Bank now offers great rates on lines of credit on investment properties. That means you can turn your 1-4 unit investment property's equity into the cash you need for property improvements or other investment opportunities. This line of credit has the potential for tax savings. Consult your tax advisor regarding deductibility.

*  Certain restrictions apply. Equity lines of credit are subject to credit approval, verification and collateral evaluation and are not available if there are liens or encumbrances other than by Fremont Bank. We may offer periodic promotional pricing programs. Rates, terms and conditions are subject to change without notice.
Home equity lines of credit are secured by a lien on your home, and are available on properties in the following counties only: Alameda, Contra Costa, San Francisco, San Mateo, Marin, Monterey, Santa Clara and Santa Cruz. Not available for mobile homes, manufactured homes, cooperatives, lots or homes undergoing construction.
Variable APR. Index may change monthly which may affect the fully indexed APR. Maximum APR is 18%. Higher rates apply for non-owner-occupied properties. Minimum line amounts may vary by product. Maximum loan-to-values vary by product. Call for current index, discounted and fully indexed APR's.

Fremont Bank's Application Fee Agreement lists the costs the borrower will not pay. Fremont Bank will not pay any fees or charges imposed directly or indirectly by existing third party lenders (for example, a payoff demand statement fee and/or a reconveyance fee) as well as any early closure fee imposed directly or indirectly by any third party lender or Fremont Bank. Property insurance required (may include flood insurance). $75 annual fee is waived the first year. Early closure fee required.

Home equity lines of credit allow you to pay only the interest on the money you borrowed for a set period of time (“interest only period”) and payments of principal and interest for the remainder of the loan term. During the interest only period, the principal balance is not reduced and you will still owe the original amount you borrowed. At the end of the interest only period, your monthly payment will increase - even if the interest rates stay the same – because you must pay back the principal as well as the interest. Always consider paying more than the minimum payment to pay down the principal.