Details for Northwest Bank - Ad from 2020-03-22
BIG PLANS THIS YEAR? NO ORIGINATION FEE HOME EQUITY LINE OF CREDIT!* 2.99% APR* 6-MONTH INTRODUCTORY RATE VARIABLE RATE THEREAFTER, CURRENTLY 3.75 % APR* SIOUX CITY 5801 Sunnybrook Dr. 224-4000 818 W 7th St. 252-2943 Bank-Northwest.com *The HELOC 2.99% initial Annual Percentage Rate will be fixed for 6 months (with a maximum line of $75,000) then, the APR is subject to change daily and is based on the prime rate as published in the Wall Street Journal; the current Index as of 3/9/2020 is 4.25%. Rates are in effect as of 3/9/2020 and apply to individuals with credit scores of 720 and higher. For HELOCs greater than 89% loan-to-value at loan origination, a 0.50% margin will be added to the introductory rate. Offer available for new HELOC loan money only; subject to normal loan underwriting criteria. The ceiling rate is 19% in Nebraska, and 21% in Iowa. Floor rate after 6 months is 3.75% APR. Origination fee waived. If an appraisal is needed, this will be at the borrower’s expense - approximately $400. There is a processing fee of $50. *Not valid with any other offers; available to application dates of 3/9/2020 to 4/30/2020. Property insurance is required. A Northwest Bank checking account is required. Must maintain an open and active account. NMLS#486668. Member FDIC.