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Black Enterprise July 2012 : Page 50

INTRODUCING THE FIFTH THIRD BANK TIME TO UPDATE THE KITCHEN FROM PREHISTORIC TO CONTEMPORARY EQUITY FLEXLINE: 6-MONTH INTRODUCTORY RATE* 1.99% APR ADJUSTS AS LOW AS 2.99% APR We all have things we’ve been putting off. We’re guessing that back burner of yours could use a little clearing out. A Fifth Third Equity Line at an APR of 1.99% for 6 months can help you fi nally get to the important things. Like home repairs, stuff for the kids, vacations. Maybe even a new back burner. To learn more about the ideas we have for making borrowing better for everyone, call 1-866-53LOANS, visit your local banking center or fi nd us online at 53.com/equityfl exline. We’re Fifth Third Bank. The curious bank. *Offer subject to credit review and approval. The applicable interest rate varies depending on your credit qualifi cations, line amount, property state and loan-to-value ratio. Loan-to-value restrictions may vary by property location. A Fifth Third Checking account and payments made automatically using Auto BillPayer are required for the following pricing. When opened, the introductory Annual Percentage Rate (APR) is 1.99% for the fi rst 6 months. Beginning on the fi rst day of the 7th month, for an Equity Flexline in the amount of $10,000–$24,999, the applicable interest rate varies from a variable APR of Prime + 1.00% (currently 4.25% APR) to Prime + 2.25% (currently 5.50% APR). For an Equity Flexline in the amount of $25,000–$49,999, the applicable interest rate varies from a variable APR of Prime + 0.75% (current minimum is 4.00% APR) to Prime + 2.00% (currently 5.25% APR). For an Equity Flexline in the amount of $50,000–$99,999, the applicable interest rate varies from a variable APR of Prime + 0.75% (current minimum is 4.00% APR) to Prime + 1.75% (currently 5.00% APR). For an Equity Flexline in the amount of $100,000 or more, the applicable interest rate varies from a variable APR of Prime -.26 % (current minimum is 2.99% APR) to Prime + 1.75% (currently 5.00% APR). Interest rates may vary and are indexed to the Prime Rate as published daily in The Wall Street Journal Eastern Edition “Money Rates” table. As of 3/1/12, the WSJ Prime Rate is 3.25%. Offer is available on new Fifth Third equity lines of credit only. The maximum APR will not exceed 25%, or the state usury ceiling, whichever is less. Annual fee of up to $65 waived for one year. In Georgia, intangible taxes apply. The bank is currently paying these taxes on the borrower’s behalf. In Tennessee, recordation taxes may apply. The bank is currently paying these taxes on the borrower’s behalf. Rate and offer are subject to change without notice. Consult a tax advisor regarding deductibility of interest. $50 minimum deposit required to open a new checking account. Fifth Third Bank, Member FDIC. Equal Housing Lender. © Fifth Third Bank 2012

Fifth Third Bank

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