![]() Borrow up to 80% loan-to-value or $250,000 maximum. Rate ceiling is 5.00% APR above the Prime Rate at the time of your application. Thereafter the rate will adjust annually on the anniversary date of the loan to the Prime Rate. The introductory rate is for the first 12 months, after which the rate will adjust to the Prime Rate with a floor of 3.50% APR. The index is the Prime Rate and is published in the Wall Street Journal. The APR in effect after the expiration of the introductory rate is based on the value of an index. Standard Line of Credit: 10-year draw, 10-year payback. Home Equity Loan: Borrow up to 100% Loan-to-Value or $250,000 maximum. Credit qualifications and approval are required. Rates, terms, and conditions are subject to change without notice. Interest Only Line of Credit (introductory rate)ĪPR=Annual Percentage Rate. Standard Line of Credit (introductory rate) Properties must be a primary residence located in Maryland, Pennsylvania or Delaware. Choose to pay only the interest on the money you borrow for up to 10 years.Borrow up to 80% of your home's equity or $250,000 maximumĪn interest-only home equity line of credit (Interest-Only HELOC) lets you maximize your home's equity while keeping your payments even lower with more flexibility.Low monthly payments make this a great way to maximize the investment in your home. Borrow up to 100% of your home’s equity or $250,000 maximumĪ variable-rate home equity line of credit (HELOC) is a flexible way to draw on your home’s equity for virtually any use.We thank the Governor and the REDI Commission for their support as we continue to make our waterfront infrastructure more resilient to future high-water events.A fixed-rate home equity loan lets you borrow against your home’s equity and repay it with low, predictable monthly payments. Our new facility will allow unrestricted safe access to Oak Orchard Creek and Lake Ontario for our boating community. Those high-water events restricted safe access to the docks to launch boats. The docks of our previous boat launch facility were overtopped during the high-water events of 20. Orleans County Legislature Chairman Lynn Johnson said, “With Oak Orchard Creek and Lake Ontario being two of Orleans County’s main tourist attractions for fishing and recreational boating, it was very important to us to build a more resilient boat launch that maintained safe access to these waterways during high water events. Two additional REDI projects in the town of Carlton were completed last year, which included shoreline stabilization along Lakeshore Road, and the construction of a new access road and shoreline protection along Lakeside Park Road. Resiliency measures implemented in this project included installation of new boat ramp and abutment above high water level sloping of roadway to the new boat ramp and regrading the remaining portion of roadway. “The completion of the Point Breeze Boat Launch project will help mitigate future flooding and this incredible asset will be able to continue its role of bolstering tourism and economic activity.” Maintaining resident and visitor access to the waterfront for recreational activities at this popular attraction in the Town of Carlton is critical,” said Secretary of State Robert J. “The Department of State continues to work tirelessly to revitalize the waterfront and strengthen the resiliency of the Lake Ontario communities. The boat launch, which was closed to the public during construction, is now open for boaters. The completed project will mitigate future flooding of the Point Breeze Boat Launch, ensuring recreational boaters have continued access to the dock system and to local businesses and popular tourist attractions. During the historic flooding of 2019, the boat ramp became submerged, preventing access to the floating docks, and forcing the boat launch to be closed. The Point Breeze Boat Launch is located near the mouth of Oak Orchard Creek, within Oak Orchard Harbor, in the Town of Carlton. A $627,000 resiliency project awarded to Orleans County, through the State’s Resiliency and Economic Development Initiative (REDI) has been completed.
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