Home Equity Special:
*The interest rate will be fixed for 6 years and requires an automatic payment deducted from a BankCherokee account. The 3.29% APR is available for loans up to 80% LTV (loan to value) and a maximum credit size of $200,000. A 3.79% APR is available for loans between 81-90% LTV and a maximum credit size of $50,000. Minimum loan amount or increase on existing Home Equity Installment Loan (HEIL) of $10,000 is required. For example, a $10,000 loan for 72 months at an interest rate of 3.29% equals a monthly payment of $56.94 based on a 20-year repayment schedule plus a final balloon payment of $7,712.33. Loans subject to credit approval. Property insurance is required and must be owner-occupied. Consult your tax advisor regarding the deductibility of interest paid. Hurry, offer expires on December 31, 2014. Other restrictions may apply.
Equal Housing Lender | Member FDIC