Introducing Green Flex Line!

Just like our traditional Flex Line,** use the equity in your home as a loan with fixed rates and terms, or as a line of credit - or both. You decide. And now, get rewarded for being green.

With Green Flex Line, take an additional 0.10% off your loan rate when you purchase green friendly:

• Refinance of a HELOC or HE product from another institution that was used for Green Purposes
• Sustainable landscaping: www.clarkpublicutilities.com/ourenvironment/landscaping or www.redirectguide.com
• Energy efficient remodels: www.redirectguide.com
• Energy Star appliances: www.energystar.gov
• Solar, wind or other alternative energy source systems: www.clarkpublicutilities.com - Green Lights
• Fuel efficient vehicle with 35 or more MPG Highway: www.fueleconomy.gov
• Hybrid vehicle: www.fueleconomy.gov

With Green Flex Line:

1. Paperless Statements and Online Banking are required
2. A minimum of $5,000 must be advanced for Green purposes
3. Proof of the Green Expenditure to First Independent within 90 days of establishing Green Flex Line:

Proof of Green purchases should be e-mailed to GreenFlexLine@firstindy.com

Or mailed to:
First Independent Bank
Green Flex Line
PO Box 8904
Vancouver, WA 98668

 

** This home equity line of credit includes both variable rate advances and a fixed rate loan option. The Annual Percentage Rate (APR) for variable rate advances is as low as Wall Street Journal (WSJ) Prime Rate – 0.75. Depending on borrower credit worthiness and combined loan to value ratio (CLTV), variable rate advances may range from WSJ Prime – 0.75%, which is 4.50% as of 4/15/08 to WSJ Prime + 1.0%. Rate may vary, but never to exceed 25.00% APR. The APR as of the same date for fixed rate loans is as low as 6.64%. APR may be higher for other loan amounts, CLTVs and credit qualifications. Fixed rate option conversion fee of $50 per conversion (waived if fixed rate loan is requested at HELOC origination). Auto pay from a First Independent account required. If auto pay is cancelled, the APR will increase by 0.25%. Annual fee of $50 after the first year. Credit line not to exceed 85% of market value as determined by an independent third party. Property and title insurance required. Flood insurance required where necessary. Prepayment penalties, other restrictions and fees may apply. Rates and terms subject to change without notice. Best rate based on a Flex Line loan with $25,000 minimum draw. Also requires opening a Choice or Choice Plus checking account with Auto Pay and Platinum Debit Card. Green Flex Line 0.10% discount requires proof of purchase of environmentally friendly items. Subject to credit approval.