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3.99% HELOC | Prime minus – 1.01% home equity loan

Tuesday, May 6th, 2008

Absolutely No closing costs line of credit, APR 3.99%
This is a 3 month introductory rate at Prime minus 1.01% and then goes to Prime minus .25%. The Prime interest rate is currently 5.000%. You are able to make interest only payments on this loan… A borrowed amount of $50,000 would have a minimum payment of only $198. If you bought a $50,000 car and got a great car loan at 6.0% for 5 years, your payment would be $966.64.

To see how much you qualify for please contact us. With such a low cost of money it is worth considering this home equity loan instead of pulling money out of your savings where you can potentially earn more right now. Looking to buy a home? Ask us about our purchase program for a (no down payment, no closing costs, no $ needed at settlement) no money loan in MD, DC, and VA.

Mitch Jacobs, Choice Finance Corporation Mitch Jacobs, Choice Finance®

Tags: maryland home equity loan, no closing cost heloc, no cost line of credit, virginia home equity loan
Posted in 1) Questions for Loan Officer, 2) General | 2 Comments »

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