1 The SelectLock Loan is a feature of the Home Equity Line of Credit that may allow you to convert any or all of your variable rate principal balance to a fixed rate and fixed payment. The minimum balance that can be converted is $10,000. The APR for each SelectLock Loan is fixed and determined based on comparable fixed interest rate home equity loans for the principal amount and term you request. Each SelectLock Loan advance is considered a separate loan with a separate payment and term of repayment and remains in effect until paid in full. A $50 fee is charged whenever you exercise a SelectLock Loan option. You may not have more than three (3) outstanding SelectLock Loan balances at any one time. You may not exercise the SelectLock Loan option after the draw period ends.