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First lien home equity loans are not available on NY properties. FlexLock accounts must be in first or second lien position on your NY property. |
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Check with your tax advisor regarding tax deductibility. |
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To get the APR shown, you must have or must open a Sovereign Premier, Business Owner Premier or Sovereign Partnership Checking account, or a Premier Money Market Savings account, and use automatic payment from the qualifying account. The APR on your loan may increase after you obtain credit if you close or discontinue automatic payment from that account. The payment quote assumes your total mortgage loans, including your home equity loan, do not exceed 80% of the appraised value of your 1-4 family owner-occupied home located in PA, NJ, CT, RI, DE, VA, NH and MA. Other rates and terms apply to non-owner occupied properties. Property insurance is required. Flood insurance may be required. If your home is on the market for sale at the time of application, you are not eligible for these offers. |
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To get the APR shown, you must have or must open a Sovereign Premier, Business Owner Premier or Sovereign Partnership Checking account, or a Premier Money Market Savings account, and use automatic payment the qualifying account. The APR on your loan may increase after you obtain credit if you close or discontinue automatic payment from that account. The payment quote assumes your total mortgage loans, including your home equity loan do not exceed 80% of the appraised value of your 1-4 family owner-occupied home located in NY or MD. Other rates and terms apply to NY co-ops and non owner-occupied properties. Property insurance is required. Flood insurance may be required. If your home is on the market for sale at the time of application, you are not eligible for these offers.
If your home is located in NY or MD, mortgage recording tax will be paid by Sovereign, but must be reimbursed if the loan is paid off within 36 months in NY or 24 months in MD. |
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Your privacy is important to us. The email form in this section of the Website is not secure, so please do not submit any information you consider confidential such as Social Security Number or Account Numbers. Please include name, address, and telephone number so we may respond to you.
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Be sure to call our loan rate hotline at 877-4-SOV-LOAN or email us at sdnet@sovereignbank.com for rate confirmation. You should consult with your tax advisor concerning tax implications. |
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The Home Equity Payment Calculator is a free service designed to provide an estimate of your home's value. Sovereign Bank is pleased to provide this service to its customers and prospective loan applicants. Please note that none of the information you provide is shared with any other party except to provide you The Home Equity Payment Calculator report. The Home Equity Payment Calculator is intended for private, non-commercial use for single-family homes and condominiums.
The rate and payment calculations provided herein are based on answers you provided and assumptions that may include:
1. That this property is your primary residence
2. That you would like to receive the lowest rate possible by having your monthly payments automatically deducted from your qualifying Sovereign Bank deposit account through electronic payment
3. The estimated value of your home
4. Remaining balances on your first mortgage
5. That there are no other mortgages currently on this property
Loan or line of credit amount quoted is solely based on equity assumed to be available in your home and does not consider other qualifying factors. The maximum amount we can lend you depends on the value of your home, your income, amount of debt, credit history and other factors. All applications are subject to credit approval. This is not an offer of credit, and is intended for informational purposes only.
A formal application for credit is needed to allow Sovereign Bank to make an offer of credit. Rates and other terms are accurate as of the date indicated above, and are subject to change thereafter. |
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Equal Housing Lender - Member FDIC
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