1.99% APR FOR 6 MONTHS ON A HOME EQUITY LINE OF CREDIT*
If you're thinking about a major remodeling project or paying off debt, this offer is a great way to make that happen.
Our home equity lines of credit have the following benefits:
- Loan-to-Value ratios as high as 90%
- ABSOLUTELY no points, fees, or closing costs
- Limits as high as $500,000
- Easy application and approval process
Take a look at how affordable your payments can be!
- $20,000 loan amount = $115.86 monthly payment*
- $30,000 loan amount = $173.78 monthly payment*
- $40,000 loan amount = $231.71 monthly payment*
- $50,000 loan amount = $289.63 monthly payment*
|Home Equity Line of Credit Rates|
|Effective Date: Saturday, December 2nd, 2023|
|Loan to Value (LTV)||Terms and Draw Periods||APR|
|Up to 80% LTV||up to 20 years/12 year draw period||Prime + 0.00%^|
|81% to 90% LTV||up to 20 years/12 year draw period||Prime + 2.00%^|
*Offers valid until 12/31/23, excludes existing FSF HELOCs, and is subject to change or withdrawal without notice. After 6 months the rate will revert to the one for which you qualify for when the loan closed. APR is based on Prime as listed in the Wall Street Journal plus a margin of up to 2.00%. Maximum LTV is 90% and maximum APR is 18.00% Home owners insurance is required. Balances cannot be transferred from existing First South Financial loans or credit cards to a First South Financial HELOC. Loans are subject to approval criteria, not all applicants will qualify. Loan payment amounts are for example purposes only and are based on an APR of 3.50% + a margin of 0.00% ARP and a term of 240 months with a maximum LTV of 80%. Equal housing opportunity. NMLS# 410640 First South Financial is headquartered in Bartlett, TN with convenient banking centers in Tennessee and Mississippi.
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