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¹ Rate offer is good for applications taken August 1, 2019 through January 31, 2020. All lines are subject to credit and collateral approval. Some restrictions apply. Fixed introductory rate of 1.99% is good for 6 months from closing date. After introductory period, the variable Annual Percentage Rate (APR) may be as low as Prime plus 0.40% for qualified borrowers. To obtain the 1.99% intro rate, you must have a minimum line of $25,000, a minimum draw at closing of $20,000 and are subject to a $150 Commitment Fee.
The variable Annual Percentage Rate (APR) may be as low as Prime plus 0.40% for qualified borrowers when the line amount is over $50,000 but less than $100,000, the combined loan to value (CLTV) is less than 70%, the line is secured by a first lien on your primary residence, you have a minimum FICO of 761, you have a balance of over $10,000 but less than $49,999.99 in a First Tennessee deposit account, and auto-debit is set up for your regular Home Equity Line of Credit (HELOC) monthly payment from a new or existing First Tennessee deposit account. Request for a new HELOC is subject to a minimum line amount of $10,000. Your APR after the intro period may be higher than the advertised rate based on lien position, CLTV, credit history and other factors. Your APR can vary monthly based on the Prime Rate published in The Wall Street Journal (Prime). Prime was 5.25% as of August 1, 2019. Your rate can never exceed 21% APR. All lines are subject to an Annual Fee of up to $50. Actual appraisal costs will be charged on lines where a minimum draw of $25,000 is not made at closing. An early Termination Fee of the lesser of $500 or 2% of the credit limit will be charged for lines closed within 36 months for reasons other than refinance with First Tennessee or direct physical loss or damage of property. Direct physical loss or property damage does not include normal wear and tear or progressive deterioration. Property insurance is required and flood insurance is required where necessary.
Subject to credit approval. Some restrictions apply.
First Tennessee Bank National Association operating as First Tennessee Bank and Capital Bank. Member FDIC.