| Home Equity
Loan |
Your
Home Has Equity. Why Not Use it?
Secure a loan with the equity you have invested in your home. An affordable
Nexity Bank Home Equity Loan enables you to put the equity you have in your home
to work for you today.
|
| Rates
* | |
Five
Year
Fixed |
Ten
Year
Fixed | Fifteen
Year
Fixed | |
8.50%
APR
| 9.00%
APR
| 9.50%
APR
| |
Features
- Secure a loan
using your primary or secondary residence
- Loan amounts
available from $10,000 up to $250,000
- Loan
amounts of up to 90% of the appraised value of your
home
- Loan repayment
ranging from 5 to 15 years
- Choice of terms
and interest rates
- Account
Access 24/7 via the Internet or by telephone
- In many cases
100% tax deduction on interest**
- No annual fee
and closing costs in most states***
|
| Fixed
Rates quoted are as of 1/6/2009 and are subject to change.
| |
APR
| TERMS
| Monthly
Payment | |
8.50%
| 5
years |
$1,025.83
| |
9.00%
| 10
years |
$633.38
| |
9.50%
| 15
years |
$522.11
| |
|
To learn more about the Nexity account that is right for you,
please select from the related information links located at
the right.
Apply Now!
*Quoted
rates are for a line of at least $50,000 with a loan to value of 80% or less and
with payments automatically debited from a Nexity Bank deposit account. Maximum
APR is 18%.
**You
should consult a tax advisor regarding the deductibility of interest.
***Not
available in all states. You may be required to pay certain mortgage taxes or
similar charges in the states of Alabama, Florida, Georgia, Kansas, Maryland,
Minnesota, New York, Oklahoma, Tennessee, and Virginia.
Subject to credit
approval.
Home equity products are not available in Texas, Alaska or Hawaii.
Property
Insurance will be required.
|
