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Plus:
1 CommerceOptions requires certain product relationships or a $12 or $20 monthly fee.
Questions?
Call 1-800-453-2265 Click Send us a message at mymoney@commercebank.com* Come by *To send an email that contains confidential information, please visit the Secure Message center where there are additional instructions about whether to use Secure Email or Online Banking messaging. * Limited time offer. Subject to credit approval. Rates are subject to change. Special rate offer of 5.00% APR available only on new lines of credit with combined loan-to-value ratio (including prior mortgages or liens) of 80% or less, with line amount of $50,000 or more, for customers with automatic payments from a CommerceOptions Premium or Benefits Banking Premium checking account. CommerceOptions Premium and Benefits Banking Premium require significant product relationships or a monthly fee of $20. The APR may range from Prime Rate minus .50% to Prime Rate plus 1.50%, depending upon loan-to-value (LTV), line amount and customer relationship. The Prime Rate is quoted in the "Money Rates" column of The Wall Street Journal on the last business day of the month. As of 5/12/2008 , the APR can range from 5.00% to 6.75%. The APR may change monthly, but will not be lower than 5.00% APR, nor exceed 20.04%, depending upon product. Maximum combined LTV is 90% (including prior mortgages or liens). At maturity, entire balance payment is required in a single "balloon payment." Insurance must be carried on property securing this loan. Missouri, Illinois, and Colorado residents incur no fees or closing costs. Kansas residents are required to pay state mortgage tax of $2.60 per $1,000 of mortgage filed; Oklahoma residents are required to pay state mortgage tax of no more than $.10 per $100 of mortgage filed; no other fees or closing costs apply. Consult a tax advisor regarding tax deductibility. |
