Let your home do the fixing.
Your home is a real fixer-upper, all right. Using your home's equity, you can enhance your financial buying power with a revolving, home equity line of credit. Use your special home equity line of credit checks whenever the need presents itself. Use it continuously,
like a credit card, up to your available credit limit. Again. And again.
| Home Equity Lines of Credit |
| Relationship Line |
Borrow up to 80% of the equity in your primary residence or second home with a variable rate line of credit.
Plus, no loan fee and we'll waive the standard annual membership fee for the first year. |
| Tri Co Line |
Borrow up to 85% of the equity in your primary residence or second home with a variable rate line of credit.
Plus, no loan fee and we'll waive the standard annual membership fee for the first year. |
| Rental Line |
Make repairs, buy more property, or make additional investments. Unlock the cash in your rental. |
| Fixed Rate Option |
Convert all, or a portion of your line of credit into a fixed rate loan without having to reapply. |
Talk to an expert
Tri Counties Bank loan officers can help you with any kind of loan, including large parcels,
construction, and working farms.
Consult your tax advisor for possible tax benefits. Home equity Lines of Credit are
variable rate plans. The ANNUAL PERCENTAGE RATE (APR) assigned to your credit line
will be based on the value of an index. The index is the prime rate as published in
the Wall Street Journal, Western Edition. To determine the APR that will apply to
your line, we will add or subtract a margin from the value of the index. Ask us for
the current index value, margin, discount (if applicable) and corresponding APR. (The
published prime rate as of 5/1/08 is 5.00%). Your rate will be determined by credit
worthiness, product type and LTV. Excluding an “introductory discount rate,” (if
applicable), the APR will never be less than 5.0% (the “floor”), or greater than
18.75% (the “Cap”). Lines available on homes secured by conforming real property up
to 85% LTV, including any prior encumbrances. Standard closing costs (excluding fees
paid to other lenders to release lien status) generally range from $500 - $800), and
are waived only for home equity lines or loans under $250,000. Property insurance is
required. The annual fee of $75.00 is waived for the first year only. There is a
$500.00 early closure fee. Other conditions may apply. Call us for details. Home
equity line rates are subject to change at any time.