Home Equity Line of Credit (HELOC) — Rosedale Bank is a home equity line of credit from Rosedale Bank. The ongoing APR is For loan-to-value (LTV) of 80% or less, the applicable APR is equal to the Prime Rate, currently 7.00%; For LTVs that are more than 80%, the applicable APR is equal to the Prime Rate plus a margin of 1.5%, currently 8.50%; The maximum APR that can apply is 18.00% and the minimum APR that can apply is 3.00%. Typical credit limit: The minimum line of credit amount is $7,500.00; The maximum line of credit is $500,000. Loan terms: 10-year draw period with monthly payments, followed by a 20-year repayment term.