HOME EQUITY LINE OF CREDIT AT PRIME minus 1/2% PERMANENTLY!
Home Equity rates are at a record low and at Torrington Savings Bank you'll find the lowest rates in Northwest Connecticut ... and the best part is there are no application or closing fees.
Torrington Savings Bank offers two different home equity line of credit programs:
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TSB Equity Advantage & TSB Equity Advantage plus |
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Home Equity Advantage |
7.75% |
75% LTV |
7.75% APR |
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Home Equity Advantage plus |
7.75% |
80% LTV |
7.75% APR |
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Home Equity Loans & Loan Plus: |
Payment Per $1000 borrowed |
| 5 year fixed |
5.250% |
75%/80% LTV |
5.250% APR |
$18.99 |
| 10 year fixed |
6.125% |
75%/80% LTV |
6.125% APR |
$11.17 |
| 15 year fixed |
6.625% |
75%/80% LTV |
6.625% APR |
$8.78 |
Both credit lines are Wall Street Prime minus 1/2% for the life of the loan, GUARANTEED.
TSB Equity Advantage allows you to borrow up to 75% of the value of your home less the outstanding mortgage balance with another lender.
TSB Equity Advantage plus is designed for borrowers who have a first mortgage with TSB. This program allows you to borrow up to 80% of the value of your home less the outstanding mortgage balance with TSB.
Our home equity loans help you stick to a budget. You pay a fixed monthly payment at an interest rate that stays the same for the life of the loan which may be up to 15 years. And you get the full amount of your loan at the time of the closing.
A TSB Equity Loan allows you to borrow up to 70% of the value of your home less the outstanding mortgage balance with another lender.
A TSB Equity Loan plus is designed for borrowers who have a first mortgage with TSB. This program allows you to borrow up to 80% of the value of your home less the outstanding mortgage balance with TSB.
As with our Home Equity Line of Credit, there are no application or closing costs.
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Current Home Equity Line of Credit |
| APR is 7.75% based on Wall Street Journal Prime minus 1/2%. APR is variable with 18% maximum. $35.00 annual fee after first anniversary. 80% maximum loan to value. |
Home Equity - Additional Benefits. Homeowners and/or flood insurance required. Interest may be deductible. Consult a tax advisor.
ADDITIONAL BENEFITS
Close on any home equity program and receive a free Torrington Savings Bank checking account and a free Torrington Savings Bank ATM card, free unlimited Travelers Checks and up to 5 free money orders or treasurer's checks per month.
Whether or not your first mortgage is with Torrington Savings Bank, it makes a lot of sense to come to us for a home equity loan or line of credit. When you do, you'll find representatives at all of our convenient
Branch Locations eager to assist you. |
Equal Housing Lender.
Member FDIC.