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First Premiere Home Equity Line Of Credit |
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| Offer is subject
to change without notice. Offer is subject to credit approval.
Property insurance and flood insurance if applicable, will be
required on collateral. *The Annual Percentage Rate (APR)
is valid on new lines of credit only. Introductory rate of 2.99%
is fixed for 4 months. After the first four months, the APR is
variable and determined by adding a margin of -.75% to +4.00% to
the Prime Rate (the index). The Prime Rate that is used to
determine the APR is the Prime Rate published in the Wall Street
Journal, and is subject to change daily. As of 4/8/08, the
Prime Rate was 5.25%; therefore the fully indexed APR (index
plus margin) could currently vary between 4.50% and 9.25%. The
fully indexed APR will not exceed 18% or be less than 3.50% during
the life of the loan. The margin is determined by the property
type, LTV ratio and your creditworthiness. Closing costs for
qualified borrowers are $0 . Lines that are closed within 24
months from the date the account was opened will be assessed a
fee of $100 for lines up to $10,000 and 1% of the line amount
for lines of $10,000 and above. After the first year anniversary
of the account, a $50 annual fee will be applied. Consult your
tax advisor concerning tax deductibility. |
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Call a customer service representative now at (906) 774-2200
or contact us by
clicking here,
for more information.
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