Hawthorne Savings Announces New Home Advantage Equity Line
February 06 2004 - 5:14PM
PR Newswire (US)
Hawthorne Savings Announces New Home Advantage Equity Line EL
SEGUNDO, Calif., Feb. 6 /PRNewswire-FirstCall/ -- Hawthorne
Savings, F.S.B. ("Hawthorne"), a subsidiary of Hawthorne Financial
Corporation , announces the availability of the Home Advantage
Equity Line, the newest addition to the Bank's product portfolio.
Home Advantage offers customers the opportunity to borrow against
the equity in their homes in amounts from $10,000 to $250,000 --
the difference between what the property is worth and what is still
owed. Hawthorne offers borrowers several special benefits with Home
Advantage Equity Line: no application fees*; free checks**; no
annual fee assessed for one year***; no minimum draw; and 24/7
online access to account information. Home Advantage Equity Line
makes debt consolidation easy with an interest rate lower than most
credit cards and loan payments may also be tax-deductible(1).
Potential borrowers are invited to pick up an application at any of
Hawthorne's 15 branches or to call their loan specialists at
1-800-838-0277. Hawthorne Savings strives to make a positive impact
on the lives of those people that live and work in the communities
surrounding its branches by creating a friendly and
customer-service-based atmosphere and by partnering with many
community-enrichment programs and non-profit organizations.
Integral to these relationships, the Bank encourages employees to
volunteer at community events around Southern California. Hawthorne
has a special 3-year relationship with the Estelle Van Meter
Multipurpose Center and Youth Opportunities Unlimited, and
maintains other long-term partnerships including Operation HOPE,
Inglewood Neighborhood Housing Services, St. Margaret's Center and
the Richstone Family Center. Hawthorne also sponsors a special
honor roll program, scholarships and a summer reading program for
children. About Hawthorne Savings Hawthorne Savings, F.S.B., an El
Segundo, California-based financial institution, and
federally-chartered savings bank, was incorporated in 1950 and
commenced operations on May 11, 1951. The Bank's 15 full-service
retail branches are located in the coastal communities of Southern
California, from Westlake Village to Mission Bay in San Diego, with
its newest branches located in Baldwin Hills and Irvine. Hawthorne
Savings maintains a strong presence in the South Bay region of Los
Angeles County and was voted 'Best Bank in the South Bay' for three
of the last four years. Hawthorne also offers construction and
permanentfixed and adjustable rate loan programs for single-family,
multi-family, income and commercial properties in Southern
California. For more information, please call 888-TRUE-411 or visit
the bank online at http://www.hawthornesavings.com/ . Annual
Percentage Rate (APR). This account has a variable rate feature.
Current rate is 4.00% with a 4.00% APR as of February 1, 2004. Rate
subject to change without notice. Maximum APR is 18%. Property
insurance is required. *An appraisal fee of approximately $300 may
be charged which must be paid by check prior to opening the
account. If account is closed before the third anniversary of the
opening of the account, an Early Closure Fee of $500 will be
assessed. **First box of checks is free. There is anominal charge
for subsequent boxes of checks. ***An annual fee of $50.00 will be
imposed beginning on the first anniversary of the opening of your
Account and on each anniversary thereafter during the Draw Period.
(1) Please consult your tax advisorregarding tax deductibility
DATASOURCE: Hawthorne Savings, F.S.B. CONTACT: Michelle Menna,
Marketing Liaison of Hawthorne Savings, F.S.B., +1-310-725-1866 Web
site: http://www.hawthornesavings.com/
Copyright
Hawthorne (NASDAQ:HTHR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hawthorne (NASDAQ:HTHR)
Historical Stock Chart
From Jul 2023 to Jul 2024