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The Annual Percentage Rate (APR) will vary at Prime Rate as published in the Wall Street Journal. As of May 12, 2008, the variable rate for lines of credit is Prime + 0% to Prime + 5% (5.00% APR to 10.00% APR). Rates vary by loan to value and credit limit. The rate will not exceed 25% APR. The floor rate is 3.99% APR. An annual fee of up to $90 may apply after the first year. The first Fixed Rate Option is free; each additional one is $50. Offer is subject to normal credit approval. Property insurance is required. Interest on amounts exceeding 100% of the available equity is not tax deductible. Consult your tax advisor regarding the deductibility of interest. Rates are subject to change. Some restrictions may apply. Home Equity loans and lines of credit are offered through U.S. Bank National Association ND. Member FDIC.
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Installment loan payment example: On a $30,000 20-year loan (240 payments) at 7.99% APR, monthly payments would be $250.75 if the Loan-to-Value ratio is less than or equal to 80%. Higher rates apply for higher Loan-to-Value. Offer is subject to higher credit qualifications. Property insurance is required. Some additional restrictions apply.
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