Home Equity Line of Credit
Rates as of 6/29/10
Rates as low as Prime + .50% APR
HOME EQUITY LINE RATES*
|
TERM |
FROM |
TO |
INTEREST RATE |
APR |
ANNUAL FEE |
|
10 years |
$ 0 |
$49,999 |
Prime +1.25% |
5.000%* |
$ 50.00 |
|
10 years |
$50,000 |
$99,999 |
Prime +1.00% |
5.000%* |
$ 50.00 |
|
10 years |
$100,000 + |
|
Prime +0.75% |
5.000%* |
$ 50.00 |
* This rate represents the 5% lifetime floor.
Rates subject to change without notice.
No early payoff fees... No Application fees... Appraisal and title fees paid by the bank!!!!!!
At State Bank of The Lakes we combine the best products with services you would expect from a community bank. Our home equity line of credit offers you the opportunity to qualify for an additional 1/4% rate discount if you have or open a State Bank of The Lakes Charter Checking™ or Platinum Preferred® account. Call today and ask us how!
Click here for Residential Mortgage Rates for Purchase and Refinance.
CALL FOR CURRENT RATES AND PROGRAM SPECIFICS
State Bank of The Lakes, 2031 E. Grand Ave., Lindenhurst, IL 60046.
1. To receive Prime minus .25%, customers must have or open a Charter Checking™ Account or Platinum Preferred® account. Actual terms may vary based on credit limit. Please contact the Real Estate Lending department for details. Consult a tax advisor regarding the deductibility of interest. Property insurance for property securing loan is required. Flood insurance may also be required. An increase in the prime rate may increase the Annual Percentage Rate, which will increase the amount of your payment. The maximum rate charged will be 18%. The minimum rate will be 5%. Your minimum payment amount will equal the amount of accrued Finance Charges. If you only remit minimum payments, you will not fully repay the principal; you will then be required to pay the entire balance in a single "balloon" payment at maturity. Credit line subject to an annual fee. Offer applies to lines secured by owner-occupied, 1-4 family residences located in the states of Illinois and Wisconsin. Subject to credit approval. Normal underwriting guidelines apply. Offer does not apply to purchase money transactions. This offer may change or be withdrawn at any time.
