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Nationwide Bank® Home Equity Installment Loan
Rates for Policyholders
| Loan Type | APR* As Low As |
|---|---|
| Conventional Home Equity Installment Loan | 6.25% |
| Rates for Nationwide: Agents | Associates | |
Home Equity Installment Loan features
Access the money you need for home improvements, education, major purchases or bill consolidation with our conventional Home Equity Installment Loan – up to 100% of your home’s equity.
- No appraisal fees, closing costs or annual fees1
- Tax-deductible interest (Consult your tax advisor for details)
- Loans from $7,500 – $1,000,000
- 85 – 100% loan to value programs available2
*APR refers to Annual Percentage Rate. Applicant rates effective 2/19/2008 and subject to change. APR may vary based on creditworthiness.
All loans subject to underwriting.
1Except in NY and FL, customers will be responsible for additional tax assessments over $750.00, which can be estimated between $750.00 and $6,000.00. Only up to $750 in closing costs, which includes appraisal fees, will be waived upon closing. If closed within the first 24 months you will pay Nationwide Bank $300.
2LTV represents the loan-to-value ratio. Loan amount is calculated based on appraisal value of your home. For the 80% equity program, loan amount not to exceed 80% of the appraised value of the property minus any existing mortgage balances. For the 85% equity program, loan amount not to exceed 85% of the appraised value of the property minus any existing mortgage balances. For the 100% equity program, loan amount not to exceed 100% of the appraised value of the property minus any existing mortgage balances.
APR reflects discount for automatic/ACH payments on this loan on the scheduled due date(s).
