*Annual Percentage Rates (APR) and interest rates include a preferred rate reduction of 0.25% for automatic payments from an Andover Bank checking product and are accurate as of 3/9/2023. Maximum 80% loan to value. All payments exclude taxes and insurance thus your payment will be greater than disclosed. Flood insurance may be required. Subject to credit approval with credit score of 740 or above. Not all applicants will qualify for advertised APR. Bank paid closing costs include drive-by appraisal fee, flood zone determination, tax service fee, limited lien search and government recording charges. Costs for optional services and interest due at closing are not included. If this loan is paid off within the first 36 months, you agree to reimburse Andover Bank the third-party origination fees the bank paid on your behalf, up to $500. Limited time offer. 1st or 2nd lien position on an owner-occupied primary residence. Minimum new loan amount of $20,000, maximum of $200,000. After the Introductory Period, the variable rate of the Line of Credit (LOC) will adjust monthly to The Wall Street Journal US Prime Rate minus a margin of .25%. Minimum APR of 3.00% after the introductory period, maximum APR of 18.00%. 15-year loan with a five-year draw period and ten-year repayment period. Minimum draw amount of $100. Repayment period with monthly payments of 2% of the outstanding balance. Making only minimum payments may result in a final balloon payment due. No closing costs. $50 annual fee, waived the first year.