The introductory Annual Percentage Rate (APR) of 0% is available on a new Home Equity Line of Credit for 90 days. After 90 days, the APR during the draw period will vary based on Wall Street Journal Prime Rate plus or minus a margin and may change monthly (currently the APR is as low as 2.85%). The margin is based on the home’s loan-to-value (LTV) ratio and borrower credit score. The post introductory rate quoted is available as of 9/14/14 and is based on current WSJ Prime of 3.25% on lines with LTV of 80% or less and a credit score of 720+ and includes discounts of .15% for optional automatic payment from a WesBanco deposit account and .25% for having 2 or more products or services in existing WesBanco relationships. Maximum APR: 18%. Origination fee of $150 may apply. Annual participation Fee of $50.00 may apply. Late Fee & Over the limit Fee: Maximum amount provided for by governing state law. Prepayment of all or a portion of principal may be made at any time; however, if you prepay the loan within three (3) years of the date of the Agreement, the Bank shall charge a prepayment penalty equal to the lesser of 1% of the original principal amount of the loan or $350.00. Prepayment penalty waived if refinancing with WesBanco and not applicable in Pennsylvania. Property insurance is required on the property securing a WesBanco Home Equity Line. Minimum amount financed - $5,000. Offer is valid through end of business 12/1/14. Subject to credit approval.
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