| If you’re like many homeowners, you’ve built up substantial equity in your home over the years. Right now is a perfect opportunity to put that equity to work
for you.
Pay for your child’s college education, consolidate high interest debt, or remodel and expand your home. It’s your call.
At RiverHills Bank, we’re currently offering a special introductory rate on home equity credit lines of $25,000 or more. We’ll even waive closing costs. Stop by today or give us a call for all the details.
*Limited time offer. Subject to credit approval. Home Equity Lines must be secured by the borrower’s principal residence or second home only. Fixed introductory rate of 2.99% APR expires 12-31-08. Beginning January 1, 2009 the interest rate will vary based on Wall Street Journal Prime Rate (as of 4-30-08 rate was 5.00%). APR is based on loan size. Loans of $50,000 or more = Prime Rate, loans less than $50,000 = Prime plus 1.00% Maximum APR not to exceed 21.00% and the minimum APR not to go below 0.00%. Property insurance required, including flood insurance where applicable. Closing costs estimated to range between $250.00 and $750.00. Rates and terms subject to change without notice. Consult your tax advisor regarding the deductibility of interest. Maximum total mortgage indebtedness cannot exceed 90% of the appraised value of your home.
**RiverHills Bank will pay all closing costs on lines of $25,000 and over. Initial advance of at least $10,000.00 required at closing. Note: “Interest Only” plans will not reduce the principal amount owed when only minimum payments are made
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