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Mortgages
Home Equity Term Loans and Home Equity Lines of Credit
| American Bank’s home
equity loans and lines of credit are tailored to meet your
financial needs. Whether you’re buying a car, financing home
improvements or college education, American Bank offers
competitive rates and outstanding service.
HOME EQUITY PROMOTION
-GOING ON NOW!
American Bank is currently offering a
4.99% APR* on a home equity loan. Choose your term - 5, 10 or 15
years.
* Annual Percentage Rate (APR) for the first 6 months is
available when you open, or already have, an American Bank
checking account. Offer is subject to normal credit
qualification. Total loans against your home may not exceed 90%
of its appraised value. Appraisal is required.
5 year term: 6.99% APR remainder of
term for a composite APR of 6.601%.
10 year term: 7.24% APR remainder of term for a composite
APR of 7.001%.
15 year term: 7.49% APR remainder of term for a composite
APR of 7.299%.
Completed applications must be received no later than 12/31/08.
Consult your tax advisor regarding the deductibility of
interest.
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For more information contact us at:
Metro: 651-643-8417
Albert Lea/Alden:
507-377-7000
Olivia/Renville:
320-523-1111
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