Smart Home Equity Choices

Home Equity Lines of Credit

First Eagle Equity Lines of Credit give you total flexibility and control. A convenient source of ready cash, they’re great for tuition payments, unexpected expenses and emergency repairs. Even better, interest on your home equity may qualify for tax advantages, making it a smart way to borrow.

Accessing your line is as easy as writing a check. Tailor your monthly payments to fit your budget. Pay the interest due each month plus principal payments whenever you want, in any amount. You can even pay the principal to zero, then use the line again and again.

First Eagle offers the best rates and terms around:

• Lines of $50,000 or more – Prime
• Lines of $25,000 to $49,999 – ½% over prime
• Lines of $ 5,000 to $24,999 – 1% over prime
• 5 Year Term
• No Application Fees or Closing Costs
• Interest generally tax deductible – consult your tax advisor
• Easy Application with fast turnaround!

For more information, or to get started, call Janice White at (630) 893-2081.

Other Possibilities – Fixed Rate Home Equity Loans

Need a larger loan all at once? Want to pay it back on a longer, fixed payment schedule? Choose the First Eagle Fixed Rate Home Equity Loan. It’s ideal for debt consolidation, home improvements and major purchases.

• Borrow up to 70% of your home’s equity
• 5, 7 & 10 year terms
• One competitive rate guaranteed for the life of the loan
• Convenient, monthly payment schedule
• No application fee, closing costs or annual fee
• Interest generally tax deductible – consult your tax advisor

Not sure which Home Equity is for you? Talk to one of our loan specialists. They’re trained to help. Need a decision fast? Phone applications take only 10 minutes – decisions often in 24 hours or less! Already have a Home Equity somewhere else? Transfer to First Eagle and start saving money today!

Home Equity Line Disclosure

The minimum loan amount to qualify for prime rate is $50,000; lines of $25,000 to $49,999 will be charged ½% over prime rate and line amounts of $5,000 to $24,999 will be charged 1% over prime rate. The annual percentage rate (APR) will be based on the highest domestic Prime Rate as reported in the Money Rate Section of the Midwest Edition of the Wall Street Journal on the last business day of the month immediately preceding each billing period. The prime rate is 4.00% effective October 29,2008. Prime is a variable rate and as it changes, the APR on a floating line of credit will change. The maximum rate on your home equity line will not exceed 23.00% with a minimum floor rate of 5.00%. An annual fee of $45.00 will apply. Monthly payments of interest only will result in a balloon payment at maturity. A prepayment penalty of $495.00 will be charged if a line is cancelled within the first 12 months. Homeowner’s insurance is required. For lines over $100,000 there will be a charge for title insurance. First Eagle is an Equal Housing Lender and Member FDIC.

Home Equity Loan Disclosure

Rates and terms may vary and are subject to change. For example, a $50,000 loan for 10 years at 8.00% APR would be $606.64. Call for our current rates. First Eagle is an Equal Housing Lender and Member FDIC.