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Use your TCF Home Equity Line of Credit for debt consolidation, home improvement projects, education financing, vacations and more!
Features
- 3.99% APR* (.74% over Prime)
- 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
Newly enacted Federal Regulations require statements to be mailed at least 21 days prior to your due date. Click here to answer questions regarding how this is affecting you.
Access helpful lending tools to estimate your home's value and more!
2009 TCF National Bank. Member FDIC. *The Annual Percentage Rate is. 74% over Prime. Prime is 3.25% as of 10/8/2009. The variable APR as low as 3.99% 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 (in Arizona and Colorado the Annual Percentage Rate is 1.49% over prime for a variable APR as low as 4.79%). 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. TCF requires escrow for real estate taxes (and flood insurance, if applicable) on any first-lien loan secured by real estate, or any junior lien loan secured by real estate where TCF holds the first-lien and no escrow was established on that loan. Customer is responsible for hazard insurance premiums. Certain programs allow customers to request waiver of escrow requirements, and if granted, customer is responsible for payment of real estate taxes (and flood insurance, if applicable). 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 $7,500 to $75,000 in South Dakota. 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. Your line may have a balloon payment. TCF lines allow you to take advantage until the maturity date, and the minimum payment may not pay the line in full by maturity. You are required to pay a $475 early termination fee if the home equity line of credit is terminated in the first 3 years. A termination fee can make it difficult, or very expensive, to sell your home or refinance, which you may need to do if your interest rate, and therefore your payment, is about to increase significantly.
Interest rate, loan-to-value, and other terms are based on credit qualification and real estate used as collateral. Maximum LTV is on the first $400,000 (60% in 1st position, 75% for Townhomes and Condos) of market value; 60% of up to an additional $600,000 and 0% on the remaining value. The rate of prime plus .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. www.tcfbank.com
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