Wintrust Banking Center is a branch of Lake Forest Bank & Trust Company, N.A. 1. Home Equity Line of Credit Promo. Completed HELOC applications must be submitted by 6/30/2024 to be eligible for this offer. New lines of credit only. Increases on existing home equity lines of credit are not eligible. New households only. Primary or secondary residences only. One per customer per property. The Annual Percentage Rates (‘APRs’) are accurate as of 12/11/2023. The total term of the Home Equity Line of Credit (‘HELOC’) is 240 months. During the first 10 years, the “Draw Period”, the APR is a variable rate based on an index of the highest Prime Rate reported in the Money Rates section of the Wall Street Journal (the “WSJ Prime”), plus a margin based on the amount of the line. On 12/11/2023, the WSJ Prime Rate was 8.50% resulting in the following APRs: $10,000.00 – $99,999.99: 9.50% (Prime + 1.00%), $100,000.00 – $499,999.99: 9.00% (Prime + .50%), $500,000+: 8.75% (Prime + .25% or floor rate, whichever is greater). The APR may vary based on the use of auto-debit. Auto-debit discount will not apply when APR is at floor rate or during “Repayment Period.” The minimum APR is 3.99% (floor rate) & the maximum APR is 20.00%. Rates will change on the 1st day of the statement cycle following a Prime Rate change. Interest only minimum payments required during the Draw Period. During the “Repayment Period”, the remaining 10 years, the APR is a variable rate based on the WSJ Prime + 1.00% & will be calculated 45 days prior to the initial maturity of the Draw Period, subsequent changes will occur on the 1st day of the statement cycle following a Prime Rate change. The minimum APR is 3.99% (floor rate) & the maximum APR is 20.00%. During the Repayment Period, monthly principal & interest payments will be required to fully amortize the loan. There is an annual fee of $50.00, but it will be waived for the first year. Offer applies to lines secured by owner occupied, one-to four-family residences with a maximum of 80% Loan to Value (‘LTV’). Advanced rates may vary based on the total commitments secured by the subject property. Property insurance is required & flood insurance may be required. Consult a tax advisor regarding the deductibility of interest. An early termination fee of the lesser of 2% of the initial credit limit or $500.00 will be charged if account is closed within 24 months of the loan date. There is no early termination fee in Wisconsin. There may be certain third-party fees for entities such as appraisers, credit reporting firms, title companies & government agencies to open the account, which generally total between $0.00 & $2,500.00. Additional third-party fees may apply to property located in any state that is not IL, IN, or WI, property held in a Land Trust, &/or any purchase money transactions. These fees may be higher than $2,500.00. Pricing shown assumes borrower meets underwriting guidelines, otherwise a higher APR may apply or credit may not be available. See your loan officer for details. Offer subject to change without notice. Offer expires 6/30/2024.