Home Equity Line Special
LIMITED TIME ONLY - Call 615-758-6600 or your local branch today!
- Intro APR of 4.5% for 6 months, then Variable at Prime. Floor of 4.5%
- No Closing Costs for lines under $250,000, unless purchase money.
- Purchase and Lines over $250,000 may be subject to additional closing costs.
- 10 year term - Interest Only Due Monthly
*Available for a limited time only and may end without notice. Subject to credit approval. New transactions only. Automatic debit payment required. 4.5% introductory ANNUAL PERCENTAGE RATE (APR) for the first 6 billing cycles (first billing cycle may be shorter than normal). After the introductory rate period ends, all remaining balances will convert to the variable periodic rate and corresponding APR per the credit agreement, which is based on the Wall Street Journal prime rate (3.25% as of 3/16/2020). Your APR will never be more than 18%. Estimated closing costs of $150 to $2,000. Southern Bank of Tennessee will pay closing costs for lines of $250,000 or less. You may be required to pay a portion of the closing costs for lines greater than $250,000 or purchase money transactions. Maximum loan-to-value 85% first lien; 80% second lien. Additional details may apply. Contact Southern Bank of Tennessee at 615-758-6600 or visit our website at www.southernbankoftn.com