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Use your TCF Home Equity Line of Credit for debt consolidation, home improvement projects, education financing, vacations and more!
Features
- 4.99% APR* (Prime minus .01%)
- Borrow $25,000 for as little as $105.67** each month
- Convenient access with checks or TCF® CommandLine® Card
- Up to $500,000 line amount
Use your TCF CommandLine® Card for:
- Easy access to your home equity line
- Purchases anywhere Visa® is accepted
- ATM advances with no access fees at TCF Express Teller® ATMs
Access helpful lending tools to estimate your home's value and more!
©2008 TCF National Bank. Member FDIC. *The Annual Percentage Rate is Prime minus .01%. Prime is 5.00% as of 05/02/2008. The variable APR as low as 4.99% is valid only on home equity lines of credit with a loan-to-value ratio equal to or less than 80%, a minimum credit line of $50,000 with an advance of $25,000 or more, meet our credit criteria, mortgage on owner-occupied 1-4 family residential real estate, have a TCF Premier checking or savings account, assumes you have ACH payments from a TCF checking or savings account, and is for applicants with the best credit. The APR may vary over the life of the loan, but will not exceed 25% APR in Arizona, 18% APR in Minnesota, Michigan and Wisconsin; 19% APR in Illinois and Indiana; and 21% APR in Colorado. Higher rates may apply based on credit worthiness, LTV, not having a TCF Premier checking or savings account or ACH from a TCF checking or savings account, and other factors. Offer limited to five-year term. The annual maintenance fee is $50. Property and flood insurance, if applicable, are required and are not included in the term closing costs. Closing costs generally total from $86 to $920 for lines of $7,500 to $104,000 in Arizona, from $124 to $1,176 for lines of $7,500 to $70,000 in Minnesota, from $87 to $1,060 for lines of $5,000 to $61,000 in Illinois and Indiana, from $76 to $866 for lines of $5,000 to $43,000 in Wisconsin, from $126 to $1,074 for lines of $1,000 to $57,000 in Michigan, and from $126 to $1,137 for lines of $5,000 to $62,000 in Colorado. Other rates and closing costs may apply if you do not qualify for this pricing. Interest may be tax deductible. Consult your tax advisor on the deductibility of interest and charges. Rates subject to change.
Interest rate, loan-to-value, and other terms are based on credit qualification and real estate used as collateral. LTV of 80% of the first $400,000 of market value; 60% of up to an additional $600,000 and 0% on the remaining value. The rate of prime minus .01 is not available for loans with a loan-to-value greater than 80%. Not valid with other special offers or premiums. Loan subject to final credit approval.
**The monthly payment amount for a $25,000 TCF home equity line of credit is $105.67. This payment example assumes a $25,000 balance and a 31-day month at an Annual Percentage Rate (APR) of 4.99% as of 05/02/2008. APR includes all eligible discounts.
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