Loan Terms. Rates and terms are subject to change without notice. Offer subject to approval, including credit approval, and collateral requirements. Manufactured homes not eligible. Property insurance required including flood insurance, where applicable. Minimum loan amount $10,000. Maximum loan to appraised value cannot exceed 85%. Rates. Rates are current as of 02/08/13. Advertised rate good for loans with maximum term of 10 years and maximum loan-to-value (LTV) not exceeding 65%. Other rates available for loans with higher LTV and terms up to 30 years. Maximum LTV may be lower for some properties. Loan rate shown includes a 1.00% discount for automatic loan payment from a Compass checking account. Tax Benefits. Consult your tax advisor regarding the deductibility of interest. Closing Costs. You can choose between bank-paid or borrower-paid closing costs on new Compass home equity products with amounts ranging from $10,000 to $250,000. Credit requests for less than $10,000 or more than $250,000 shall be subject to actual closing costs incurred and permitted by law. Closing costs paid by the lender will be recovered by the lender if the borrower pays the loan/line in full within two years. Closing cost offer not available with refinance of a first mortgage. Rates advertised are based on the borrower paying all applicable closing costs. A higher rate will apply to your loan/line of credit if you choose to have the bank pay your closing costs.