1 Special Introductory Fixed Rate Offer: This program is for the Florida 10/20 HELOC. To receive the special introductory fixed rate, you must take an initial advance of greater than or equal to $25,000 at the closing of the line of credit, to be disbursed immediately upon expiration of any applicable rescission period. Initial advances of $25,000 or more as well as any other outstanding balances on the line of credit during the first 12 months after loan closing date will be calculated at the special introductory fixed rate of 2.49% Annual Percentage Rate (APR). 2 The APR after the 12 month introductory rate period; will revert to a variable rate based on the Prime Rate published in the Wall Street Journal (3.75% as of 12/16/2016, subject to change), plus Bank margin (.7%). The maximum APR that will apply is 18%. You may draw on the line for 10 years where your minimum monthly payment will be accrued interest only. Repayment period of principal and interest begins years 11 through 20. This offer is limited to owner-occupied (homestead property) including single family residences, plan unit development (attached or detached) and condominium properties located in FL and is secured by a lien on your primary residence. The promotional rate is not available for second homes and cannot be used to purchase property. A $75 annual fee will be charged in Florida. Hazard, liability and windstorm insurance is required; flood insurance may be required. The maximum Loan to Value (LTV) or Combined Loan to Value (CLTV) accepted is 80%. LTV or CLTV for a home equity line of credit is determined by a third party appraisal. Based on borrower’s credit score, maximum LTV or CLTV may be lower. The total indebtedness (CLTV) secured by the homestead residence (including the line) cannot exceed 80% of the fair market value of the home. Bank absorbs closing costs for lines up to $250,000 (except for prepaid interest and insurance premiums, if applicable). For lines over $250,000 Bank gives the borrower a lender credit of $2,500 in Florida. For these lines of credit, closing costs range from $1,000 to $15,000. Consult your tax advisor concerning interest deductibility. Other programs available. Offer only applies to new credit requests made by United States citizens or resident aliens with valid U.S. Taxpayer Identification number. Offer not available for existing Mercantil Bank HELOC customers. To take advantage of this offer, the application must be submitted by 03/31/2017. Subject to credit approval and program requirements. For more information, refer to “What You Should Know About Home Equity Lines of Credit,” a consumer information booklet prepared by the Consumer Financial Protection Bureau. 3 For loans over $1,000,000 Mercantil Bank must also hold the first mortgage on the property when the HELOC is in second position.