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Save on a 6-month, low introductory rate 3.99% APR* line of credit. Cash for home improvements, education or future expenses. Limited time only! Apply now.
* Rates as of 11/3/08. Introductory rate is 3.99% APR for the first six months, then Prime minus .50% APR; subject to change at any time. Introductory rate available only for loans up to 80% loan-to-value with advances of $10,000 or more. If paying off an existing Tower home equity line of credit, you must increase your new home equity line of credit by $10,000. Home equity lines of credit are available in all states except Texas. |
With a rate of Prime minus .50%,
a home equity line of credit gives you a credit line from $5,000
to $312,700 when the credit limit does not exceed 80% of the equity
in your home. A credit line up to 100% of your home's equity is available
up to $250,000 at a rate of prime plus 1%.
Here are more ways to save with a Tower
home equity line of credit:
- No points
- No origination fees
- Tower will pay your closing costs as long as you retain
the loan for 24 months or more
- Interest accrues only on the amount you
use
- Interest paid is typically 100% tax deductible—check
with a tax advisor
- Free, unlimited supply of checks
- No restrictions on the number of checks
you write
- No minimum check amount required
You can also track transactions, transfer
funds, reorder checks, and view your
cancelled checks through Home Banking.
A Tower home equity line of credit is available in the District of
Columbia and all states except Texas.
Adjustable rate loans are subject to change.
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