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Article: Manufacturers Hanover introduces new home equity loan with zero points and lower rate. (Manufacturers Hanover Trust Co.)
- Article from:
- PR Newswire
- Article date:
- July 23, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MANUFACTURERS HANOVER INTRODUCES NEW HOME EQUITY LOAN
WITH ZERO POINTS AND LOWER RATEEQUITY LOAN
NEW YORK, July 23 /PRNewswire/ -- Manufacturers Hanover Trust Co. (MHT) today announced that it is offering its fixed rate home equity loan (HEL) with no points.
In addition, MHT has also lowered the annual percentage rate on fixed rate HELs from 12 percent plus 2 points (12.38 APR) to 11.95 percent plus no points.
Manufacturers Hanover has also introduced the New York area's first completely convertible home equity product. Existing and future customers now have the option to convert the outstanding balance on their ...