Newspapers / West Craven Highlights (Vanceboro, … / April 26, 1984, edition 1 / Page 3
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WtfiV’fcraven Hfghlr'ohtS, April 26, 1984, Pagtf 3 w I I I I* ^^hovia Home Equity Loans Borrow from the equity inyour home, at affordable rates and payments. Plit the mmey in your home to work. For major borrowing needs. If you have a financial need or an opportunity that you cannot conveniently meet with a short-term loan or savings, consider this. It’s likely that your home is worth more than you paid for it, and that you have reduced the amount of the original loan. Wachovia offers ways that you can borrow froiii the equity you’ve built up. How Wachovia can make the equity in your home available to you. .Appraised Maximum Balance .Amount .Available V alue of Loan on First For a Horne VourHome .Amount Basis .Mortgage IvquityLoan $150,000 X 75%* = $112,500 - $75,000 = $37^500 $100,000 X 75% = $ 75,000 - $50,000 = $25,000 $ 50,000 X 75% = $ 37,500 - $25,000 = $12,500 *'lypicaj perccMitage of appraised home value that can be used to secure a loan with apprrn'ed credit. Amounts shown are for illustrative purposes only. For specific detajison how a Home Equity Loan can fit vour situation, see a Personal Hanker. A Wachovia Home Equity Loan is an excellent way to borrow for major expenditures such as home improvements, education, or retirement property. See a ftrsonal Banker. Stop by any Wachovia office and talk over your credit needs in the privacy of a Personal Banker’s office. Your Personal Banker can discuss the current rates on Wachovia Home Equity Loans, explain the repayment terms that are available, and help you decide on the loan that best meets your requirements. And your Personal Banker has the authority to make lending decisions, so you’ll get a prompt reply. When you think of borrowing money, think about putting the money in your home to work, with a Wachovia Home Equity Loan. An Equal Opportunity Lender Wachovia Bank&Trust Wachovia is creating better ways to borrow.
West Craven Highlights (Vanceboro, N.C.)
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April 26, 1984, edition 1
3
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