The above hypothetical examples are for illustrative purposes only. Plans vary based on the needs and wants of the customer. Illustrated interest rates are based upon interest rates compiled for Jan. 2008.

1. This example is based on a 30-year home equity line of credit. Interest only payments of $1,178 for 10 years , then fully amortizing monthly principal and interest payments of $1,524 for 20 years. Payments are based upon an interest rate of 7.439% (7.62% APR). Closing costs are estimated at 2% of total line of credit. Interest rate is adjusted monthly based on the 1 month LIBOR rate plus a margin. Interest rates and payments many increase or decrease. See GEL’s Interest Only Payment Option Mortgage Loan Summary located at www.globalequitylending.com and ask for details. During the interest-only payment period, the principal balance will not decrease. Additional monthly housing expenses included in the mortgage payment and escrowed are estimated at $63 (Homeowners Insurance) and $167 (Property Taxes).
2. Assumes combined federal/state income tax rate of 32%. Assumes that interest paid is fully deductible.
3. Assumes 8% rate of return. Rate of return may vary based on type of investment.
4. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes.
5. The consumer should consult a tax adviser for further information about the deductibility of interest and charges.

This is not a solicitation or offer for the purchase of any product. Rates could change or be unavailable at the time of commitment or closing.