For a better checking account AND a better loan, TCB eLife** is the answer!
This June, a TCB eLife Checking account makes you eligible for Prime minus .50%* for the life of your loan when you open a new TCB home equity line of credit (HELOC). Not only will you enjoy all of the convenience eLife brings to your life on the go – from remote check deposit, to unlimited ATM surcharge rebates, to Apple Pay and more – this special offer will stretch your borrowing power to help you get more out of life.
thecooperativebank.com I 40 Belgrade Ave, Roslindale, MA, 617-325-2900 201 Main St, Charlestown, MA, 617-242-0380 I 36 Spring St, West Roxbury, MA , 617-325-9955
*Annual Percentage Rate (APR) as of May 1, 2017 is 3.50%. The Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in the Wall Street Journal on the last business day of the month minus .50%, for the life of the loan, with automatic payment from an eLife Checking account. If you do not have automatic payment deduction from an eLife checking account, or if the automatic payment is cancelled, the discounted Prime minus 0.50% will change to Prime minus 0.25%. Annual Percentage Rate (APR) as of May 1, 2017 is 3.75%. The Wall Street Journal as of the last business day of April 28, 2017 was 4.00%. Maximum APR 18%. Offer available on 1-4 family owner-occupied properties with a combined loan to value (CLTV) ratio of 80% or less as determined by an appraisal acceptable to the Lender. Property insurance required. Flood Insurance may be required. If you pay off or close the line of credit anytime within the first 24 months of the closing date, a $350 early termination fee may be charged. Annual fee of $50.00 will be assessed on the anniversary date of the loan closing for the term of the draw period. Minimum line $10,000 and maximum line $350,000.Term is based on a 10-Year Draw and 10-Year Repayment. A trust review of $226.00 applies to property held in trust. Lender’s Title Insurance will be required to be obtained for lines of credit $250,000.00 or higher or lines in which the line of credit is first position. Subject to credit approval. Other fees, terms, and conditions may apply. Consult a tax advisor for information regarding the deductibility of interest and charges. NMLS # 453976. Cannot be combined with any other offer.
**eLife Checking details – $10 opening deposit to establish the account. No minimum balance requirement. Direct Deposit and eStatement enrollment are required to waive the $10 monthly maintenance fee. No foreign (non-TCB) ATM charges. Unlimited ATM surcharge fee rebates. Customers may write up to ten (10) checks per month at no cost/$0.50 per check thereafter.