Low Rates for your Grand Remodeling Plans

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Have you fallen out of love with your home?  Does it just not have the appeal that it did when you first moved in?  Well now is the time to fall back in love with your home.  First Ohio is offering a Home Equity Loan as low as 3.75% APR* and a Home Equity Line of Credit for a rate as low as 4.00% APR*!

                Getting a home equity product from First Ohio is a good choice for many reasons!  There are certain benefits of each type of loan but they also share many appealing aspects!  Some of those include no closing costs, no application fee and no origination fees!  Plus there are no prepayment penalties, we keep our loans at First Ohio, you can view your loan on our online banking and have a quick and simple turn around process from application to loan signing.

                By taking out a Home Equity Loan with First Ohio you benefit from a fixed rate up to 15 years, a fixed monthly payment and you get your money in one lump sum at closing. 

                The advantages of having a First Ohio Home Equity Line of Credit** are; you can borrow what you need, when you need it and the payment is calculated by what you use.  You can also access the money by transferring between accounts.

                Both loans have the ability to make fixing up your home an enjoyable process!  You will be on your way to loving your home again in no time!  Call today for more information or to apply!

*Annual Percentage Rate. Sample payment for $50,000 loan for 10 years at 3.75% APR would be approximately $500.44. Sample payment for $50,000 loan for 15 years at 4.00% APR would be approximately $369.97. Sample payment does not include credit life & disability insurance, which is available at a minimal cost to the member. Loan Rates are determined by individual credit history and term of loan. Rates are subject to change without notice due to market conditions. You may want to consult your tax advisor to see if you are eligible for any tax deductions. Properties cannot be financed beyond 80% LTV.
** You can obtain credit advances for 5 years. This period is called the “draw period.” At our option, we may renew or extend the draw period. After the draw period ends the repayment period will begin. The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends. You will be required to make monthly payments during both the draw and repayment periods. At the time of the credit advance a payoff period of 60 monthly payments will be used to calculate your payment.   The annual percentage rate can change on the first day of each month. There is no limit on the amount by which the annual percentage rate can change during any one year period. The maximum annual percentage rate that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage rate go below 4.0% at any time during the term of the plan. Prime rate is quoted in The Wall Street Journal on the first business day of the month.

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