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At Savings Bank of Danbury, the
Difference is a Great Rate!
Our Prime -1.25%* Home Equity Line of Credit means a great rate now, and for the life of the loan.
No matter what the Prime Rate, your rate will always be 1.25% below Prime!
SBD Start to Finish Construction MTG
Whether you’re remodeling your home, consolidating debit, sending your graduate off to college or planning that special wedding, a Prime -1.25% Home Equity Line of Credit from Savings Bank of Danbury can provide you with the resources necessary to accomplish your financial goals.
There are no application fees or attorney’s fees, plus we’ll waive the annual fee on your line of credit for the first five years!**
For more information, call us at (203) 743-3849, email us via web site or stop by any one of our convenient local branches.
Related Info
*The APR will always be Prime minus 1.25% for the life of the loan and as of May 1, 2008 the APR is 3.75% based on current Prime Rate of 5.00% as published in the Wall Street Journal; this rate may vary monthly. Rate is available with any Priority checking account and requires monthly interest-only payments automatically deducted from this account. The rate will revert to Prime Rate if automatic deduction is canceled. Annual fee of $50 is waived for the first five years provided automatic deduction is maintained. Minimum line is $75,000. There is a maximum APR of 15% and a minimum APR of 3%. Prepayment penalty will be imposed for accounts closed within the first two years. Restrictions may apply. Offer may be withdrawn at any time. Property insurance is required. Lines over $250,000 require an appraisal fee. Maximum loan to value is 80%, 75% for condos. Available to owner-occupied, single or two family properties in the state of Connecticut.
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May 1, 2008
