Home Equity Line (EssentiaLine) Disclosure
Home Equity Line (Equity EssentiaLines) Disclosure for Texas
Home Equity Line (EssentiaLine) Disclosure
Consult your tax adviser about the deductibility of interest. Interest rate will vary based on Wall Street Journal prime rate (as of 4/30/2008 rate was 5.00%). APR as low as prime minus .50% (currently 4.50% APR). Your APR may be higher based on certain factors, including credit history and percentage of equity available in your home. APR may vary. APR will never be greater than 18% or the maximum rate allowed by applicable law. This offer is for new home equity lines and is based on a minimum line amount of $10,000 and loan-to-value (LTV) of 80% or less. EssentiaLine $50 annual fee will be waived for the first year and each year thereafter as long as you make at least one advance per year on your account. If your Equity Line is $250,000 or less, Regions Bank will pay or waive (as applicable) 100% of the fees and charges required to open the Equity EssentiaLine (including fees and charges imposed by Regions Bank and fees and charges of third parties, except in LA only, the Orleans Parish Recordation Fee). For Equity Lines greater than $250,000, Regions will pay up to $500, except in SC, where we will pay up to $275 and FL where we pay up to $750. If you close your EssentiaLine during the first three years after the opening date for any reason other than the sale of the property, a prepayment penalty in the amount of $500 will be imposed (excluding Texas). Property insurance may be required, including flood insurance if applicable. Offer subject to credit approval. Offer subject to change. Other legal requirements must be met. Not available in all states.
Home Equity Line (Equity EssentiaLines) Disclosure for Texas
Consult your tax adviser about the deductibility of interest. Interest rate will vary based on Wall Street Journal prime rate (as of 4/30/2008 rate was 5.00%). APR as low as prime minus .50% (currently 4.50% APR). The rate shown is based on the current rate for this type of loan of at least $10,000. Your APR may be higher based on certain factors, including credit history and percentage of equity available in your home. APR may vary. APR will never be greater than 18% or the maximum rate allowed by applicable law. This offer is for new home equity lines and is based on a minimum line amount of $10,000 and loan-to-value (LTV) of 80% or less. If your Equity Line is $250,000 or less, Regions Bank will pay or waive (as applicable) 100% of the fees and charges required to open the Equity EssentiaLine (including fees and charges imposed by Regions Bank and fees and charges of third parties). For Equity Lines greater than $250,000, Regions will pay up to $500. Property insurance may be required, including flood insurance if applicable. Offer subject to credit approval. Offer subject to change. Other legal requirements must be met. Not available in all states. Visa Platinum Access Card is not available in Texas. A minimum $4,000 draw is required for TX Equity EssentiaLines. In TX, the 10-year draw period is followed by a 10-year repayment period. The amount of your Equity EssentiaLine cannot exceed 50% of the fair market value of your home. Your total mortgage indebtedness (your Equity EssentiaLine plus any outstanding liens or mortgages) cannot exceed 80% of the fair market value of your home. Regions must receive a valid real estate lien under Article XVI Section 50(a)(6) of the Texas Constitution.