Your home can be a ready source of cash that you can use for just about any purpose: a home renovation, a dream vacation, even to pay off your high-interest debt.  With a Home Equity Line of Credit from Grand Bank & Trust, you’ll benefit from:

• One of the most competitive rates around. Our rate is the Wall Street Journal Prime Rate.
• NO closing costs on lines up to $125,000, or receive a $1,000 closing cost credit on lines over $125,000.
• Easy, convenient access to a generous credit line, with a loan-to-value ration of up to 90%.
• Even more savings come tax time. Because the interest you pay on home equity financing is usually 100% tax deductable.*

*Consult your tax advisor regarding the deductibility of interest.  You must carry insurance on the property that secures the Home Equity Line of Credit (“HELOC”).The Annual Percentage Rate (“APR”) is based on the value of an index referred to in this advertisement as the (“Prime Rate”).  The Prime Rate is the base rate on corporate loans posted by at least 75% of the nations 30 largest banks published in the “Money Rate” section of the Wall Street Journal.  The Prime rate as of 10/20/2006 is 8.00% resulting in an APR of 8.00% for a single $10,000 credit advance. Your APR can change daily without limit during any one year period.  However, under no circumstance will your APR exceed 18.000% per annum at any time during the term of your HELOC.  In order to open and maintain an account, you must pay certain fees which generally total between $509.20 and $3,221.20.  Upon request, we will provide you with an itemization of the fees you will have to pay.  If you take an initial advance of $20,000.00 or more, Grand Bank will pay certain fees to third parties such as appraisers, title companies, and government agencies in an amount not to exceed $1,000.00 on credit lines over $125,000.00, and all fees on credit lines of $125,000.00 or less.  In the event the HELOC is paid off and satisfied within the first twelve (12) months, or if the outstanding balance falls below $20,000.00 within the first twelve (12) months, you must reimburse all fees paid by the bank at the time of the origination of the HELOC.

For further information, please contact a Customer Service Representative at (561) 615-5000.