* Loans subject to credit approval and standard underwriting guidelines including loan to value requirements. Consult your tax advisor for details regarding tax deductibility. Other terms and conditions may apply, see banker for details.
Texas law requires that any home equity loan and home equity line of credit may not close before 12 days after you submit a written application to the lender or before 12 days after the lender provides you with a copy of the Notice Concerning Extensions of Credit, whichever is later. If your home equity loan request is submitted through Loan By Phone, the loan may not close for 17 days. Additionally, once you have completed and signed your loan documents, there is a three day Right to Cancel Period required by federal law. During this period you may cancel the loan without penalty. If your home was security for any home equity loan within the past year, a new home equity loan secured by the same property may not close before one year from the closing date of the prior loan.
APR: 1.99% introductory APR is fixed for the first 6 months of account opening; Variable APR of 3.75% - 4.00% after that. The variable APR is based on the Prime Rate as stated in The Wall Street Journal plus a margin and is subject to change. Prime Rate is currently 3.50% as of 06/27/2016. Maximum APR is 18%. The interest rate will change effective with changes in the Index. Offer not available for existing Amegy Bank Home Equity Lines of Credit.
Discounts: No additional interest rate discounts may apply during the Introductory Rate period. After the Introductory Rate period, additional rate discounts may apply. Speak with an Amegy banker for more details.
Fees: No closing costs on loans up to $250,000, unless a full appraisal is necessary. For lines over $250,000, borrower is responsible for 3rd party closing costs which may not exceed 3% of the loan amount.