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GUARANTY BANK’S
EQUITY LINE OF CREDIT
is “Fixed for Five” years.*
If you’re planning for home improvements, a new car purchase or financing options for your child’s education, a Guaranty Bank Equity Line of Credit may be the solution.
- FIXED RATE FOR THE FIRST FIVE YEARS
- NO CLOSING COSTS
- NO ANNUAL FEE
- CREDIT AVAILABLE WHEN YOU NEED IT
- DRAW BY CHECK OR TRANSFER TO CHECKING
WITH ONLINE BANKING
- INTEREST ONLY MONTHLY PAYMENTS
- 10 YEAR TERM OF LINE
- INTEREST MAY BE TAX DEDUCTIBLE**
Assisting with your financing needs. That’s Our Thing!
* A special APR of 7.09% is effective for the first five years after the note date on properties with a combined loan to value up to 85%. Thereafter the rate will be calculated based on the Prime lending rate plus 0%. As of December 1, 2006 this rate was 8.25%. A special APR of 8.09% is available for qualified borrower if the combined loan to value of the property exceeds 85%. Thereafter the rate on these loans will be calculated at Prime + 1%. As of December 1, 2006 this rate was 9.25%. APR will not exceed 18%. An early closure fee of $250 may be charged if line is closed prior to 12 months of note date. Offer valid for owner occupied properties only. Subject to credit approval. Property insurance and flood insurance (if applicable) must be in effect on property securing the loan. Minimum credit line is $5,000. Offer available to new Guaranty Bank Home Equity applicants.
** Consult your tax advisor for details.
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