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Compare
the Advantages of TrustBank’s Home Equity Loans
| TrustBank
Home Equity
Loan
An
installment loan secured by the equity in your residence.
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TrustBank
Home Equity
Line of Credit
A revolving line of credit secured by the equity in your
residence, with no bank fees. |
- Low
fixed monthly
payment
- Fixed
interest rate that
will not change over time
- Loan
amounts up to 100% of the available equity in your home
(subject to qualifying *)
- Consolidate
your existing debt into one low-rate loan
- As
a convenience, monthly payments may be automatically deducted
from your checking account for repayment
- Interest
payments may be up to 100% tax-deductible (consult a tax
advisor)
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- Pay
only the interest each month
- Variable
Annual Percentage Rate (APR) based on the Prime Rate**
- Credit
line amounts up to 100% of the available equity in your
home (subject to qualifying*)
- Reusable
line of credit
- As
a convenience, monthly payments may be automatically deducted
from your checking account for repayment
- Interest
payments may be up to 100% tax-deductible (consult a tax
advisor)
- Easy
access to your line!
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Tax
Deductible Interest
While interest deductions for personal loans have been eliminated,
interest on home equity loans may still be deductible on your itemized
tax return. Consult a tax advisor regarding the deductibility of
interest.
Talk To Us Today!
This is a great time to apply for a Home Equity Loan!
*Collateral
and credit criteria needed from the borrower to obtain a loan
**Upon qualification and when opened, the introductory Annual Percentage
Rate (APR) will be fixed at 4.90% for three months, then the APR
may range from Prime Rate minus 1.00% to Prime Rate plus 1.00%,
depending on credit quality. Rates are subject to change based
on prime rate, but will not exceed an APR of 18.00%. The prime
rate is as reported in the “Money Rate” section of
the Midwest Edition of the Wall Street Journal. An interest rate
adjustment will take effect on the same day as the prime rate increases
or decreases. The prime rate as of 3/18/08 was 5.25%. A late fee
will be assessed on any payment not paid within 10 days of the
payment date of 5.00% of the payment or $100, whichever is less.
At the end of the 15 year term, you must pay any remaining balance
in a single balloon payment. Offer subject to change without notice.
Consult your tax advisor regarding deductibility of interest.
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| Member
CBAI | Member
AzBA 
Home Equity Loans Personal
