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Home Equity Line of Credit

Home Equity Line of Credit

Associated Bank makes it easy to get the money you need…when you need it. Put the equity in your home to work for you.

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It’s endless what you can do with a home equity line of credit…

  • Debt consolidation
  • Home remodeling
  • New car
  • Tuition
  • Well-earned vacation
  • Whatever your heart desires

And, in addition to low rates, the Associated Bank Home Equity Line of Credit comes with many benefits, including:

  • Low closing costs
  • Interest may be tax deductible*
  • Payments as low as “interest only”*
  • Lower rate of interest than most forms of credit

Don’t wait – this amazingly low rate is a limited-time offer. Apply online 24 hours a day or by phone at 1-866-LEND ABC (536-3222).

* Offer expires 4/18/2010 and is subject to change. APR will be fixed at 1.99% for the first 90 days following closing, with a variable APR as low as 4.00%, thereafter. The Annual Percentage Rate (APR) shown above assumes a new home equity line in a 1st or 2nd lien position, with a Combined Loan-to-Value (CLTV) of up to 80%, on a 1-4 family owner occupied primary residence and includes a 0.50% discount for maintaining an Associated Bank checking account (excludes free checking or student checking). Proceeds from this line of credit offer may not be used to pay off an existing Associated Bank Home Equity Line of Credit. APR for qualified applicants is variable and consists of the Prime Rate and a margin of +0.75% for life of loan, with a floor rate APR of 4.00%. If you do not qualify for the Prime +0.75% for life of the loan margin, your APR may range up to Prime Rate plus a margin of 6.25% and will be determined by the occupancy, LTV ratio and your creditworthiness. The Prime Rate that is used to determine the APR is the Prime Rate published in the Midwest Edition of The Wall Street Journal on the second Tuesday of the month preceding the month the billing cycle begins. As of 12/8/09, the Prime Rate was 3.25%. Based on the current Prime Rate of 3.25% with a floor rate of 4.00%, a fully indexed APR is 4.00%. For example, if you draw $10,000 from your line at the time of closing, the minimum monthly payment would be $16.58 during the first 90 days based on an APR of 1.99% and $33.33 per month thereafter, based upon an APR of 4.00%, which may vary. Interest only payments may be available for 20 years, or until the line is closed, whichever occurs first. Any APR rate changes on your billing statement will be determined by adding a margin as disclosed above. See your billing statement for actual APR rate changes and effective dates. The APR will not exceed 18.00% or be less than 4.00%. A $50 origination fee applies. Closing costs from $0 to $2,700 may be applicable. Lines that had draws and are closed or terminated within 24 months from the date the account was opened will be assessed a fee of $250 for lines up to $50,000; $500 for lines $50,001 to $100,000; and $1,000 for lines over $100,000. Programs, rates, terms and conditions are subject to change without notice. Consult your tax advisor concerning interest deductibility. A $50 annual fee will apply and will be assessed on the annual anniversary of the account.
 

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Open a qualifying account and you could get a bonus of up to $150. Terms and conditions apply.

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