Big Ideas Deserve Small Rates

Spring projects are in full force, or at least the ideas are.  Need some financial assistance to make your big ideas a reality?  First Ohio has small rates to help finance your big ideas! 

At First Ohio, we have different types of Home Equity Products, with one to fit your needs.  We offer Home Equity Loans and Home Equity Lines of Credit with great low rates.  You can either apply for a fixed rate Home Equity Loan with a fixed rate as low as 3.75% APR* for up to ten years, or you can apply for a flexible Home Equity Line of Credit with a variable rate as low as 4.00% APR**. 

Whether you are planning a remodel, are ready to get away from the dreary weather Ohio has to offer, or want to consolidate debt, we have a solution for you.  Plus, when you apply for a Home Equity Product during the month of February and March 2013 you will receive a $100 Home Improvement Gift Card*** when you close your loan!    

With so many great ideas floating around out there, we are here to help you turn them into accomplishments one low rate at a time!  Our friendly loan officers would love to help with your next financial quest; stop by or call today for an appointment to discuss any loan questions you may have.

*Annual Percentage Rate.  Sample payment for $10,000 loan for 10 years at 3.75% APR would be approximately $100.08. 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. 

** 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.  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. 

***Application must be submitted during the month of February or March 2013 and the gift card is given only if loan closes.  First Ohio staff and family members of First Ohio Staff are not eligible.