Share '(Q & A) about Advancing Term Line of Credit (ATLOC)'
Q = What are the terms?
(A) The ATLOC will have a twenty-four (24) month draw period, after which time any balance will convert in month twenty-five (25) to a Prime-based variable interest rate 10/25 term loan where the monthly payment adjusts with the change in Prime.
Q = Is a Prime-based variable 10/25 loan the only option available for ATLOC when the balance converts?
(A) The balance will au…
You can share this discussion in two ways…
Share this link:
Send it with your computer's email program: Email this