Bank of Bartlett is Good for Memphis!
BoB offers an open-end line of credit or fixed rate loan secured by the equity in your home. This line or loan can be used for debt consolidation, home improvements, college or medical expenses, business purpose, or any other needs. There are usually no closing costs or appraisal fees for loans up to $250,000 (fees may vary for higher loan amounts) and interest paid may be tax deductible (consult your tax preparer). Bring us your renovation plans or contractor's budget and ask how we can make your next project become a reality!
Introductory Rate of 1.99% APR for 6 Months
Then variable rates as low as 8.50% APR
Introductory Rate of 4.99% APR for 6 Months
Then 7-year fixed rate option as low as 7.75% APR
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The advertised rate of 1.99% APR is fixed for the first 6 months. *Then the rate is variable equal to the Wall Street Journal Prime Rate plus a margin of 0% to .49% depending on certain factors such as your credit history which corresponds to 6.25% APR to 6.74% APR, but with a lifetime floor rate of 4.00%. Your APR will never be more than 24% or less than 4.00%. Rates are adjusted daily based on changes in the Prime Rate. Advertised rate applies to credit scores 750+, max LTV of 80% and have auto debit for payments from a Bank of Bartlett account. New money only. 1.99% APR is available for HELOCs under $250,000. Limited time offer. Other terms and conditions apply. Other rates and terms are available for those who may not qualify for the advertised rate. Rates are as of 9/22/2022. Contact us for current rates. Loans are subject to credit policies and approval. Rates, terms, and conditions are subject to change without notice. An early termination fee of $650, not to exceed 2% of the loan amount, will be charged for credit lines closed within the first 3 years. A $150 annual inactivity fee applies if there is no activity on your line during 12-month period. Bank will pay closing costs on loans up to $250,000. Borrowers may be responsible for closing cost on credit lines exceeding that amount and could range from $0 -$850 or higher depending on the amount of your loan and other factors such as title insurance premiums. Property and flood insurance required when necessary. Bank of Bartlett NMLS# 418439.