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Home Loans – Provided by Quicken Loans®

Whether you’re purchasing a home, refinancing your mortgage, or taking advantage of your home’s equity for the first time, Quicken Loans® will help you find a home loan that makes sense for you.

With over 31 years of experience, Quicken Loans, the home loan provider of Schwab Bank, offers outstanding client service and home loan expertise throughout the entire mortgage process.

Disclosures:

1. Interest-only mortgages have an initial interest-only payment period followed by a fully amortizing payment period. After the interest-only period ends, your monthly payments will increase because you will be paying both principal and interest.

2. Home equity lines have a 10‐year draw period followed by a 20‐year repayment period. During the draw period, monthly payments of accrued interest are required. Payments will increase if rates increase. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest.


HELOC Terms: As of the annual percentage rate (APR) for a primary residence HELOC opened simultaneously with your first mortgage loan – also known as piggyback loan - is . Rates vary for second homes, vacation homes, or HELOCs opened as standalone accounts. The APR on your home equity line of credit is variable based upon the Wall Street Journal Prime Rate plus a margin. The maximum APR that can apply is 18% or the maximum amount permitted by state law, whichever is less. The minimum credit line amount is $50,000 or the minimum amount permitted by state law, whichever is less. The maximum credit line is $1,000,000. Additional terms and conditions apply. Home equity lines may not be used as a bridge loan, for commercial purposes, to invest in securities, or to repay margin loans.

HELOC Fees: The estimated fees you may pay on the amount drawn from the line ranges from $0 - $29 for every $1,000, and will vary based on the location of the property. The amounts provided are estimates and are not a substitute for initial disclosures of closing costs that you will receive once you apply for a home equity line of credit with Quicken Loans. Proof of paper and adequate insurance may be required prior to closing.

Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Investment products are offered by Charles Schwab & Co., Inc. (Member SIPC). Charles Schwab & Co., Inc. does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. Home lending is offered and provided by Quicken Loans, Inc, Equal Housing Lender. Quicken Loans, Inc., is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc. or Charles Schwab Bank. Deposit and other lending products are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Quicken Loans is licensed in all 50 states Quicken Loans Nationwide Mortgage Licensing System #3030. Restrictions may apply. Equal Housing Lender. Lending services provided by Quicken Loans, Inc., a subsidiary of Rock Holdings, Inc.

Lending services provided by Quicken Loans, Inc., a subsidiary of Rock Holdings, Inc. “Quicken Loans” is a registered service mark of Intuit, Inc., used under license.