Lorain National Bank
Personal Business Investment Trust Investor Relations About LNB Online Banking
Dreams Start Here Lorain National Bank
Banking

FREE Online Banking

 

Personal > Special Offers

Special Offers

Bills to Pay? Relax…
Use your Home Equity. Morgan Bank makes it easy!


Home Equity Loan 10-Year Term
6.25% APR


Morgan Bank's Home Equity Loan offers:

  • No Payments for 90 Days!
  • No Application Fees
  • Fixed Rate
  • Interest May Be Tax Deductible—consult your tax advisor

Stop in or call us to apply.

Rate accurate as of August 11, 2008. 6.25% Annual Percentage Rate (APR) available for qualifying properties with a loan-to-value (LTV) of 85% or less for loans of $50,000 to $500,000, a LTV of 80% for loans over $500,000 and a 10-year term. An equity loan of $50,000 with a 10-year term at 6.25% APR results in 120 monthly payments of $561.40 (includes a $150 pre-paid finance charge). Other rates and terms available. Rates and terms vary by property type, loan amount and LTV ratio. Offer subject to change without notice. 1-4 family owner-occupied properties only. Not available to homes currently for sale or intended to be sold in six months of closing. Property insurance required. Flood insurance may be required. Trust review fees ranging from $85 to $175 apply to properties held in trust. All accounts subject to individual approval. See a banker for details.


FDIC Equal Housing Lender © 2008 Morgan Bank, a division of Lorain National Bank. All rights reserved.
Privacy Statement.