Receive a fixed payment and interest rate for the home purchase funds2
Important disclosure information
Funds not used for purchase money are subject the TLC variable rate. Variable rates range from Prime plus 0.74% APR to Prime plus 6.79% APR; APR is based on several factors including credit history, Loan to Value (LTV), and lien status. APR is subject to a minimum floor rate of 3.99%; the maximum rate is 18%. This rate example features a 89.90% loan to value
(LTV). The maximum LTV may vary with the amount borrowed, credit score and property type.
The interest rate will vary based on Wall Street Journal Prime Rate (as of November 15, 2021 prime rate is 3.25%) plus a margin. A Prime Rate of 3.25% (as of November 15, 2021) plus a typical margin of 0.74% would result in a current APR of 3.99% up to 89.90% loan to value (LTV).
Private Wealth and Inspire Account clients are subject to different terms and conditions including no fixed rate requirement for purchase money funds. For more information on Inspire, see Synovus.com/SynovusInspire. For more information on Private Wealth, see Synovus.com/PrivateWealth.
Limited to the purchase of primary residences and will be a second mortgage to the original first mortgage.
Purchase money funds are subject to a 30 year repayment at a fixed rate for the remainder of the term. The fixed rate is tied to the Wall Street Journal Prime plus the margin approved at the time of opening the TLC.
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