Hand-pick the perfect Coastway Home Equity Loan for your needs, and watch your garden grow… or spruce up the house, pay for a wedding… or take some time away!

The FreeWay Convertible PrimeLine lets you take advantage of the low variable rate, and then lock in at a low fixed rate when you’re ready. Or, get a 5 or 10 year fixed equity loan - the choice is yours!

To apply, visit a branch today, or to apply online, follow these simple steps:

1. Click the link below for Coastway’s online loan application.
2. Fill in the information requested on the loan form.
3. From the “Product” drop-down menu, select “FreeWay Convertible PrimeLine" or "Equity Mortgage Fixed."
4. Complete the form and click “Start Application” to proceed.

APR = Annual Percentage Rate. All disclosed rates require automatic payment deduction from a Coastway checking account. Minimum loan amount to avoid closing costs is $10,000; otherwise, estimated closing costs of between $200 and $400 will apply. 1 – 4 family owner occupied primary residences only. Property insurance (including flood insurance, if applicable) is required. All advertised rates are the lowest available, and are subject to individual creditworthiness. Other rates and terms are available and certain restrictions apply. Rates subject to change without notice.

Line of Credit – Advertised APR is a discounted rate based on the Wall Street Journal Prime Rate, minus 1.0% for the first year. After the first year, the rate will adjust to the Prime Rate plus 0.0%. As of 5/1/08, the Prime Rate is 5.00%. Line of credit rates are variable and may change monthly. Maximum APR is 21%. A pre-payment penalty of up to 1.0% of the balance due at the time the line of credit is paid off and closed will apply during the first two years. An active Coastway checking account is required (“active” is defined as a minimum of 3 transactions per month). If an active checking account is not maintained, the rate will automatically increase by 0.50 percentage points and an annual fee of $100 will apply.

Fixed Rates – Repayment examples: If you borrowed $20,000 for 5 years at 5.49% APR, your monthly principal and interest payments would be $381.97. If you borrowed $20,000 for 10 years at 5.74% APR, your monthly payments would be $219.48.