Learn about our Home Equity Line of Credit
1.99% INTRODUCTORY FIXED APR FOR 6 MONTHS. CURRENT APRS FROM 5.00% TO 8.00%.
Looking to make some improvements to your home? Or, purchase a new car or truck? Perhaps pay off your college loans? Whatever you need, having a little extra money at your disposal is never a bad thing. And, there’s never been a better time to apply for a Home Equity Line of Credit with this incredibly low introductory rate of 1.99% APR for the first 6 months and no closing costs. (Current APRs from 5.00% to 8.00%.)
After the introductory period, the rate will be variable with a maximum APR of 18%. $50 annual fee after the first year. Closing costs typically range from $750 to $2500. MidSouth will pay up to $1,000 of closing costs for new home equity lines secured by properties in Alabama and up to $2,000 for new lines secured by properties in Florida. Closing costs must be reimbursed by the borrower if a line is closed and paid off within 24 months of the opening date. $10,000 minimum initial draw requirement. Subject to credit approval. Property insurance required. NMLS #422363.