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Borrow $25,000 for as little as $105.67** 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
©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 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. Interest may be tax deductible. 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 the first mortgage loan. 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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