Home Equity Loans
Owning a home can be a wonderful thing! And now it’s time to reap the benefits of your financial decision and let your home pay for its own renovations.
Owning your own home means earning equity that can be used for remodeling, buying a car, to cover medical expenses, fund your child’s college education and more! Maybe you are ready to make some home improvements? Consider using a Home Equity Loan from Pinnacle Bank to make it happen!
A Home Equity Loan from Pinnacle Bank could offer even more savings than a traditional signature loan or a credit card. And you may be able to deduct up to 100% of the interest*, meaning a big tax savings.
A Pinnacle Bank Home Equity Loan offers lower rates than most signature loans and credit cards. Combined with the tax advantages, a Variable Rate Home Equity Loan from Pinnacle Bank can save you even more. Consider the savings:
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Pinnacle Bank
Home Equity Loan
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Signature Loan
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APR**
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4.75%
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12.953%
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Loan Amount
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$10,000
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$10,000
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Total Interest
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$1,510.26(E)
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$2,050.59
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Total Payback
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$11,510.26(E)
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$12,115.59
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Monthly Payment
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$160.00
(1.6% of Balance)
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$336.55
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Example: If you make only the minimum payment and took no other credit advances, It would take 7 years to pay off a credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 4.75%. During this period, you would make 83 payments varying between $160.00 and $59.00, with a final payment of $3,674.28. Note rate based on a line of $20,000.00 or more.
Click here for a Pinnacle Bank Home Equity Loan Application and get started today!
Subject to Credit Approval.
* Consult your accountant or tax advisor for more information.
**APR – Annual percentage Rate. Rate subject to change without notice.
***Limited Market Area Only
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