HOME EQUITY PRODUCTS

The possibilities are endless... Like many homeowners, you may have a substantial amount of equity accumulated in your home. A First National Bank of Long Island Home Equity Loan gives you the financial freedom to put your plans into action, whether you are looking to make home improvements, pay off and consolidate existing high interest debts, plan that dream vacation, take advantage of business and investment opportunities, or finance education. A First National Bank of Long Island Home Equity Loan gives you the option to choose the plan that best fits your needs.

No-Cost Prime Line*:

A revolving line of credit, secured by your home. Ideal for flexible spending power. Loan amounts from $25,000 to $500,000. No Closing Costs, Points or Fees. ** Access your credit line by simply writing a check with our special Home Equity Checks. Pay Interest Only on the outstanding balance throughout your access period for Automatic Deduction from your First National Bank of Long Island checking account. Receive a monthly account statement detailing your balance, account activity and interest charges. Principal Payments can be made at any time. * The Preferred APR for variable rate advances is as low as Prime minus 0.50% on Lines of Credit of $100,000-$500,000 and as low as Prime on Lines of Credit under $100,000. The APR is indexed to the highest prime rate as published by the Wall Street Journal as of the first business day of each month. The APR may vary each month based upon changes to the index. The Preferred APR is received due to the automatic payment deduction from a First National Bank of Long Island Statement Deposit Account. If the automatic payment deduction is terminated for any reason, the APR will increase by 0.25%. Borrowers must advance a minimum of $50,000 within 90 days of closing or the APR will increase by 0.25%. An annual membership fee of $50.00 will be assessed at the end of each year. If the line of credit is terminated prior to three years from inception, certain fees will become due and payable. These fees generally range from $722 to $4,447. Home Equity Lines of Credit are secured by a mortgage on your home and are subject to application and credit approval. Maximum loan to value is 65%. Maximum lifetime APR is 24.9% APR. Primary residence and second homes only. No Co-ops or Investment Properties. Other Rates and Terms are available. New Applicants only. Rate is effective January 7, 2008 and is subject to change without notice. ** Consult tax advisor on deductibility of interest.

Home Equity Loans*:

Ideal for a large planned expense, such as a significant Home Improvement (an extension or major renovation, i.e., pool), Automobile, SUV, Boat or RV purchase. Flexible terms of 5, 9, or 12 years to repay the loan. Loan amounts from $25,000 to $500,000. Make fixed monthly payments of Principal and Interest. No Closing Costs, Points or Fees. Tax Deductible (consult your tax advisor). Competitive Standard Rates, and Preferred Rates for Automatic Deduction from your First National Bank of Long Island checking account. * Annual Percentage Rate(APR) shown is fixed for the term of the loan with payments automatically deducted from a First National Bank of Long Island deposit account. APR is 0.50% higher for loans without automatic deduction. Home Equity Loans are secured by a first or second mortgage on your home and are subject to application and credit approval. For loans longer than 5 years, if the line is terminated prior to three years from inception, certain third party fees will become due and payable. These fees generally range from $722 to $4,447.00. Primary residence and second homes only. No Co-ops or Investment Properties. Other Rates and Terms available. Consult a tax advisor about deductibility of interest. New applications only. Rates effective January 7, 2008 and are subject to change without notice. A.P.R. = Annual Percentage Rate

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For more information, visit one of our Branch Locations nearest you or simply call (516) 671-4900 or (212) 566-1500.