Ask your lender to help fill out this check list.

Plan A Plan B Basic Features Fixed annual percentage rate Variable annual percentage rate Index used and current value Amount of margin Current rate Frequency of rate adjustments Amount/length of discount (if any) Interest rate caps Length of plan Draw period Repayment period Initial fees Appraisal fee Closing costs Application fee REPAYMENT TERMS During the draw period Interest and principal payments Interest only payments Fully amortizing payments When the draw period ends Balloon payment Renewal available Refinancing of balance by lender

To request additional copies of When Your Home Is On The Line: What You Should Know About Home Equity Lines of Credit, please send your name, address, and the number of copies requested to Publications Services, Board of Governors of the Federal Reserve System, Washington, D.C. 20551.

FRB 4/11-250,000-0892