Third Federal Home Equity Line of Credit
Lowest Rate Guarantee Program Rules

Lowest Rate Guarantee

Third Federal will provide you with the lowest interest rate on a similar Home Equity Line of Credit (HELOC) offered by any properly licensed lender or pay you $1,000.

Guarantee Program Eligibility

This guarantee only applies to variable rate HELOCs tied to the prime interest rate published in the Wall Street Journal and excludes all introductory and/or temporary variable or fixed rate interest rates which are not applied for the life of an HELOC. To be part of the Guarantee Program you must apply for a Third Federal Home Equity Line of Credit (Third Federal HELOC) or modify your existing Third Federal HELOC between February 11, 2006 and December 31, 2008. This guarantee is in effect for the entire life of your Third Federal HELOC. When compared to another lender's Firm Offer (as defined below), the Third Federal HELOC will have a lower variable interest rate. If it does not, Third Federal will either beat the other lender's variable interest rate or pay you $1,000 (at Third Federal's discretion). Third Federal and the other lender's HELOC must be considered similar HELOCs in that the Third Federal and other lender's HELOCs must have the same subject property, term, line amount, LTV requirement, lien position, and prepayment or early termination policy, and the other lender's HELOC must have the same or a lower amount of fees or costs. In addition, to be eligible for a rate reduction or the $1,000 you must never have been a party in a foreclosure proceeding, given a deed in lieu of foreclosure, must never have declared bankruptcy, and your payment must be current if you have an existing Third Federal HELOC.

How To Exercise The Guarantee

You must be part of the Guarantee Program (see Guarantee Program Eligibility above). From the time of your original application date or modification date until your Third Federal Home Equity Line of Credit is paid off and closed you may return to us proof in the form of another lender's competitive advertisement or written offer of a lower variable interest rate on a similar HELOC as described above (the 'Firm Offer'). You must deliver to a Third Federal office or fax to customer service the proof of the Firm Offer dated the same or later than your Third Federal Home Equity Line of Credit original application date or modification date. Third Federal reserves the right to (i) verify that the other lender's Firm Offer is accurate, (ii) verify that you qualify for the Firm Offer with the other lender, (iii) determine at its sole discretion whether the other lender's Firm Offer meets the similar HELOC and other eligibility requirements as described above.

If you are eligible for a rate reduction or the $1,000, and Third Federal chooses to give you the rate reduction, the rate reduction will be applied to your next billing cycle. Third Federal will carry forward the rate from a previously approved rate reduction if you apply and are approved for a line increase. No retroactive rate reduction will be made. If Third Federal does not choose to provide you with a rate reduction and you close an HELOC with the other lender based on the Firm Offer you used to exercise your Guarantee, Third Federal will pay you $1,000. To be eligible for the $1,000 you must mail to Third Federal a copy of the executed Note within 15 days of originating your loan with the other lender. Third Federal will mail you a $1,000 check within 30 days of receiving the required documentation. The executed Note must be accurate and must disclose that the HELOC has the terms and conditions previously disclosed in the Firm Offer, and that the HELOC meets the similar HELOC and other eligibility requirements described above. Limit one $1,000 payment per household.

The terms and conditions for the Lowest Rate Guarantee Program are subject to revision or revocation by Third Federal at any time without notice. The Lowest Rate Guarantee is nullified if the customer requests a conversion to a fixed rate amortizing loan.