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Borrow $25,000 for as little as $105.95** each month! Use your TCF Home Equity Line of Credit for debt consolidation, home improvement projects, education financing, vacations and more!
Home Equity Line of Credit features:
- Tax advantages - consult your tax advisor regarding the deductibility of interest and charges
- Convenient access with checks or TCF® CommandLine® Card
- Up to $500,000 line amount
- Revolving credit
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
*The Annual Percentage Rate is 1.74% over Prime. Prime is 3.25% as of 12/17/2008. 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%, meet our credit criteria, mortgage on owner-occupied 1-4 family residential real estate, 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, South Dakota and Wisconsin; 19% APR in Illinois and Indiana; and 21% APR in Colorado. Not available in Michigan. Higher rates may apply based on credit worthiness, LTV, not having ACH from a TCF checking or savings account, and other factors. 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 $105 to $1,398 for lines of $7,500 to $114,050 in Arizona, from $200 to $988 for lines of $7,500 to $75,950 in Minnesota, from $138 to $1,301 for lines of $5,000 to $51,000 in Illinois and Indiana, from $119 to $988 for lines of $5,000 to $49,300 in Wisconsin, from $93 to $1,139 for lines of $5,000 to $74,575 in Colorado, and from $487.67 to $1,737.34 for lines of $7,500 to $75,000 in South Dakota. 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. Maximum loan-to-value is also based on a first mortgage loan. The rate of prime plus 1.74 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 $105.95. This payment example assumes a $25,000 balance and a 31-day month at an Annual Percentage Rate (APR) of 4.99% as of 12/17/2008. APR includes all eligible discounts.
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