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Customers
looking to tap into the equity in their home to finance larger
purchases, home improvements, college education, or debt consolidation
at attractive rates and easy repayment terms with the flexibility
of a revolving line of credit. |
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- Minimum line amount: $10,000
- Ability to borrow up to 75% of appraised value of property (may require a property appraisal at the borrower's expense)
- No points, no annual fee, and no closing costs
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- Special limited time offer: 4.49% APR fixed rate guaranteed until 9/30/08*
- After initial promotional
rate period, rate for customers with a Personal Relationship
Package and automatic payments
from a Wainwright checking account is:
- Lines under $200,000:
Wall Street Journal Prime Rate - .5% for the life
of the line*
- Lines $200,000 and over: Wall Street Journal
Prime Rate - 1% for the life of the line*
- Revolving line
of credit allows the flexibility of drawing and repaying
principal amounts during the
initial draw
period
- Interest is only paid on the outstanding
principal balance (interest paid may be tax deductible,
please
consult
your tax advisor)
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