*APR (Annual Percentage Rate) available for qualifying properties with loan-to-value of 80% or less and is available for lines $10,000 and over. APR is based on Prime Rate (currently 3.25% APR as of 5/20/10),floating for the life of the loan as found in the “Money Rate” section of the Wall Street Journal minus .75%. The maximum APR that can apply is 18% and the minimum APR can be no lower than 4.00% floor. The Prime minus .75% feature includes a discount for Direct Deposit to a Berkshire Bank checking account and an initial draw of $10,000 at the end of the rescission period or day of recording. If you choose not to participate in either of these features, your rate will revert to Prime plus .50%. APRs are variable and may increase after consummation.   Apart from the maximum and minimum, there is no limit on the amount by which the rate can change during any one-year period.If the line of credit is paid off and closed during the first 36 months, an early termination fee of $450 will be assessed. The New York State mortgage tax previously paid will be recovered.  An Annual Fee of $50 will apply.   New York State Mortgage Tax will apply for lines of $250,000 or more, the customer pays the New York State Mortgage Tax at closing. A $15 service fee will be assessed for advances less than $250.  Rate available for 1 to 4-family owner-occupied properties, condominiums, and 2nd/vacation home owner occupied properties. Loan approval subject to underwriting criteria.  Other restrictions may apply.   Homeowners insurance required. Flood insurance may be required. Offer subject to change without notice and available for new customers only.

Insurance and investment products are not FDIC or DIF insured, may lose value and are not a bank deposit or guaranteed.  Insurance may be purchased from any agent or company and the customer's choice will not affect current or future credit decisions.