Mortgage loans are originated by Wachovia Mortgage, FSB and are subject to credit approval, verification and collateral evaluation. Products are not available in all areas. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply. Please contact us for details.

^{note 1} For example, a 30-year fixed rate home equity loan for $400,000 with a 6% interest rate (6.61% APR) would have 360 monthly principal and interest payments of $2,528.27, excluding monthly escrow payments for taxes and insurance premiums. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances. Loans with longer terms may increase the total number of monthly debt payments, as well as the aggregate amount paid over the mortgage term as compared to loans with shorter terms.

^{note 2} For example, on a 12-month LIBOR Adjustable Rate Mortgage the interest rate and payment is fixed for the first twelve months of the loan. The interest rate and payment may adjust every twelve months thereafter and may not increase or decrease more than 2% at each twelve-month adjustment. The interest rate cannot increase more than 6% over the term of the loan. For example, on a $200,000 loan for a 30-year term with an initial rate of 6% (6.223% APR), repayment will consist of 12 monthly payments of $1,199.10. If the interest rate were to increase by the maximum six percentage points to 12%, then the monthly payment would increase from $1,199.10 to a maximum of $2,057.23 in the fourth year. Other rates and terms are available. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances.

^{note 3} Income limitations may apply and homeownership counseling may be required.

^{note 4} After the construction phase you will be able to convert your loan to a permanent 30-year mortgage, provided you meet the conversion requirements set forth in your loan documentation, and will begin making principal and interest payments based on your closing rate of interest and final loan balance rolled into the permanent loan. Builder review and approval required. A non-conversion fee may apply, subject to applicable state law. Restrictions apply.

^{note 5} AK, AL, AZ, CA, CO, CT, DC, DE, FL, GA, IL, KS, MD, MS, NH, NC, NJ, NV, NY, OK, PA, SC, TN, TX, VT, VA, WI.

^{note 6} With a balloon loan feature, you may choose to make monthly payments over three or five years. Balloon loan options require a final payment amount that may be significantly larger than the prior monthly payments. On a $100,000 loan borrowed at 7% (7.245% APR) with a three-year balloon feature, repayment would consist of 36 monthly payments of $665.30 and one final payment of $97,895. The disclosed APR assumes that the borrower will pay a 1% origination fee at the time of origination. Other fees may apply. If you pay off your loan early, there may be a prepayment penalty. You will be responsible for the cost of any mortgage recording or other taxes where applicable.

^{note 7} The interest only option allows for monthly payments during the loan term to be comprised of interest only, calculated based on your monthly outstanding principal balance. For example, a three-year balloon lot loan of $100,000 with an interest only payment at an interest rate of 7.375% (7.530% APR) would require 36 monthly interest payments of $690.68. During this time, your principal balance will not decrease unless you make principal payments in addition to the required monthly interest payments. Beginning with the 37th payment, any remaining interest and the unpaid principal balance to fully repay the loan will become due and payable. In the example above, the principal balance of $100,000 would be due.