2.99
% APR*
Ultra Flex Home Equity Line of Credit Introductory Rate.
After the first four billing cycles, your rate goes to Prime MINUS ½%.
Currently:
4.75
% APR*
Regular rate as of 3/25/08
We all have credit cards. But we don’t always have to play the hand we’re dealt.
Especially with a 2.99% introductory APR* Ultra Flex Home Equity Line of Credit
from First Niagara Bank.
Key Benefits of our Ultra Flex Home Equity Line of Credit:
- Convenient Access
You’ll get an Ultra Flex MasterMoney Card and/or convenience checks.
- Flexibility
You have the ability to lock in up to three fixed-rate loans at a time.
- Interest Only
First Niagara Bank offers an interest-only option which is available
for the first 5 years on the line.
- Get a decision on your application in as little as 24 hours.
- The interest you pay may be tax deductible (consult your tax advisor).
*The corresponding APR for variable rate advances may vary from one billing cycle to the next based on changes in the Prime rate but will not exceed 15.9% and, subject to that cap, will be the Prime rate minus 1/2%. (The Prime rate for any billing cycle will be the highest Prime rate published by the Wall Street Journal in its “Money Rates” table on our last business day of the month before the month in which the billing cycle begins.) The corresponding APR for any future fixed-rate loan will be a fixed rate that will be based on the Prime rate plus 1.25% if the term of the loan is 12 to 72 months or the Prime rate plus 1.5% if the term is 73 to 180 months. The rates shown are available to new line of credit customers only. The rates shown assume that the ratio of the amount of the line of credit to the appraised value of the property securing it does not exceed 85% and that the minimum payments under the line are automatically deducted from a checking account with us; higher rates will apply if the ratio exceeds 85% or the minimum payments are not automatically deducted. You must carry insurance on the property that secures the line of credit. You must pay us a lock-in fee of $50 for each future fixed-rate loan. If the line of credit is cancelled within 4 years after the date it is opened, you must reimburse us for certain fees we pay to third parties in connection with its opening. Those fees generally total between $317.50 (for a $15,000 line) and $2,075 (for a $250,000 line). We reserve the right at any time without prior notice to change rates, fees, and other features of the home equity line of credit we offer.
