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Home Equity Line of Credit Rates*

Line Amount Term     Rate (as low as)*

$10,000-$29,999

30 Years

5.85% to 9.30%

$30,000-$74,999

 30 Years

5.60% to 9.05%

$75,000-$250,000

 30 Years

5.10% to 8.55%

   

Interested in applying for a Home Equity Line of Credit?    Get Started Now

 

Low Cost Fixed Rate Loan Rates*

Loan Amount Rate (as low as)** APR (as low as)**

$10,000 - $29,999

10.25% to 13.45%

11.33% to 18.18% APR

$30,000-$74,999

9.45% to 12.20%

9.84% to 13.42% APR

$75,000 - $200,000

9.3% to 11.05%

9.44% to 11.48% APR

 

Interested in applying for a No Cost Home Equity Loan?     Get Started Now

 

*Variable rate current as of 6/3/08. Your rates may vary. The Variable Annual Percentage Rate (APR) for the line is as low as prime + .10, currently 5.10% APR as of 6/3/08. Prime is the Wall Street Journal Prime Rate. The rate for your line will depend on your credit limit, your credit qualifications, the loan to value ratio, and will range from a variable APR of prime + .10 (currently 5.10% APR) to prime + 4.3% (currently 9.3% APR). APR is calculated based on a full draw of the line amount, closing costs of $2500 and a term of 30 years. Minimum credit line is $10,000. Credit limit is based on loan-to-value ratio and credit qualifications. Closing costs are to be estimated at $2500 but may vary depending on state and county and title requirements. An annual fee of $75 is charged at the beginning of each year beginning the 13th month. If you close your line in the first 36 months there is an early termination fee of $500. Term of 30 years assumes a 10 year draw with a 20 year amortization. Terms and conditions may vary by loan and product type. Consult your tax advisor about the deductability of interest.  
**Fixed rates current as of 6/4/2008. Your rates may vary. These rates are currently available for new home equity installment loans with terms up to 360 months and for $10,000 or more with a loan-to-value ratio of less than 95% and depending on credit qualifications. Higher rates apply to loans with a loan-to-value ratio of 90% or more. Rates may vary depending on term length. For example, if you borrower $100,000 for 180 months at a 9.45% rate, the monthly payment is $1,041.21. Your exact monthly payment would be determined at time of approval and will be based on the term, rate and amount of your loan. Minimum loan amount is $10,000. Loan amount is based on credit qualifications and loan-to-value ratio. Closing costs are to be estimated at $2500 but may vary depending on state, county and title requirements. If you close your loan within the first 36 months, there is an early termination fee of $500. Terms available vary between 10 and 30 years. Terms and conditions may vary by loan and product type. Consult your tax advisor about the deductability of interest.
This is not a commitment to lend money and all borrowers must qualify. Offer is subject to change. APR may differ depending on amount borrowed, loan-to-value ratio and credit qualifications. All loan quotes assume the equity transaction is a second lien. The loan amount will be based on loan-to-value ratio and credit qualifications. Property, title and/or insurance, if applicable, is required. Consult your tax advisor about the deductibility of interest. The offer is from National City Bank, Cleveland, Ohio through its affiliate National City Mortgage.