This offer available until August 31, 2005.
After the six-month introductory period, the rate is determined by the amount of credit borrowed. For loan-to-values (LTVs) up to 80%, lines of $50,000 and up = 6.25% APR; $25,001 to $50,000 = 6.75% APR; $10,000 to $25,000 = 7.25% APR. For LTVs of 80-90%, all lines are 7.75% APR.
The annual percentage rate may vary. The rate on the plan will not exceed 18% APR.
Property insurance will be required.
Please consult with your tax advisor regarding interest deductibility.
UMB will pay you $250 if, at some time during the first 30 days following the date on your promissory note, you have an outstanding balance of $25,000 on your home equity credit line. This includes the transfer of a balance of $25,000, or more from another institution. You will be mailed a check to the address you provide on your application no later than 60 days from the first date of the $25,000 balance. UMB will report $250 as miscellaneous income to the Internal Revenue Service for tax year 2005