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  • Published Date

    September 16, 2020
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Ad Text

BankCherokee APR* 2.99% Can help turn your House into a HOME! BankCherokee will provide credit for third party closing fees, up to $250. Home Equity Line Of Credit Lock in this low rate for 12 months. Contact BankCherokee today! BankCherokee.com 651.227.7071 *2.99% Introductory Annual Percentage Rate (APR) is available for Home Equity Lines of Credit (HELOC) up to 70% LTV (loan to value). The interest rate will be at 2.99% APR during the 12 month introductory period. Offer is available for applications submitted from September 1 - October 31, 2020. After the 12 month introductory period, the APR is variable and is based upon an index plus a margin. The APR will vary with the Prime Rate (the index) as published in the Wall Street Journal. As of August 20, 2020, the variable rate for Home Equity Lines of Credit was 3.25% APR, the minimum floor rate. The rate will not vary above 21.75% APR or below 3.25% APR. Minimum loan amount increase on an existing HELOC is $10,000. Bank will provide credit for third party closing fees, up to $250. Closing costs generally range from $350-$1,300. Loans are subject to credit approval and program guidelines. BankCherokee checking account required for automatic payment. Property insurance is required and must be owner occupied. Consult your tax advisor regarding the deductibility of interest paid. Other restrictions may apply. Member FDIC EQUAL HOUSING BankLocal. BankBetter. LENDER 678671 BankCherokee APR* 2.99% Can help turn your House into a HOME! BankCherokee will provide credit for third party closing fees, up to $250. Home Equity Line Of Credit Lock in this low rate for 12 months. Contact BankCherokee today! BankCherokee.com 651.227.7071 *2.99% Introductory Annual Percentage Rate (APR) is available for Home Equity Lines of Credit (HELOC) up to 70% LTV (loan to value). The interest rate will be at 2.99% APR during the 12 month introductory period. Offer is available for applications submitted from September 1 - October 31, 2020. After the 12 month introductory period, the APR is variable and is based upon an index plus a margin. The APR will vary with the Prime Rate (the index) as published in the Wall Street Journal. As of August 20, 2020, the variable rate for Home Equity Lines of Credit was 3.25% APR, the minimum floor rate. The rate will not vary above 21.75% APR or below 3.25% APR. Minimum loan amount increase on an existing HELOC is $10,000. Bank will provide credit for third party closing fees, up to $250. Closing costs generally range from $350-$1,300. Loans are subject to credit approval and program guidelines. BankCherokee checking account required for automatic payment. Property insurance is required and must be owner occupied. Consult your tax advisor regarding the deductibility of interest paid. Other restrictions may apply. Member FDIC EQUAL HOUSING BankLocal. BankBetter. LENDER 678671