Home Equity Loans - I Remodeled It!

I Remodeled It!

It is a little known fact that in 1623 Louis XIII built a gentleman’s hunting lodge at Versailles. His son, Louis XIV, enjoyed it so much he decided to remodel the property and in 1682 Versailles became the official residence of the Court of France.

So remember, whether you are sending a child off to college, consolidating bills, or remodeling Versailles, all it takes is an idea. And, at National Iron Bank we have the solution - Home Equity Lending with the following benefits:

Borrow at less than Prime over the life of the loan;*

Prime -1/2%

For Life *

Home Equity Line of Credit

Pay no annual fees;

Pay no closing costs.**

At National Iron Bank, we are changing the course of history.
To choose a Home Equity Lending option that best fits your needs, visit one of our branch locations in Cornwall Bridge, Norfolk, Salisbury or Washington Depot; call us at 860-435-2581 or begin the process right here on-line.

* Home Equity Line of Credit Annual Percentage Rate (APR) is Prime minus 1/2%. Automatic deduction payment option from Iron Country Banking checking account required. The APR will be based on the Prime Lending Rate as published in the Wall Street Journal and adjusts quarterly. Prime Rate as of May 27, 2008 is 5.00%. New outstanding balance of $25,000 or more required first year. Loans of greater than $50,000 are subject to a $100 closing fee. Title insurance required for loans greater than $100,000. On loans less than $100,000 a copy of current title insurance required. If not provided, the purchase of title insurance will be required. 1-4 family owner-occupied properties only. Property insurance required. Rates vary by overall credit worthiness and loan to value ratio of each applicant. Rates subject to change without notice. If line of credit agreement is paid down below $25,000 or closed within three years of activation, a prepayment fee of $500 applies. All New York state loans involving a lien on real estate will price at 1/4% above the posted rates. The Bank’s credit criteria apply. Minimum APR 5%. Maximum APR 18%.