AmSouth Offers Relief for Wilma Victims

AmSouth, Birmingham, Ala., is offering a package of disaster relief to assist consumers and small business customers affected by Hurricane Wilma, including flexibility on loan repayments, discounted loan rates, and fee waivers.Skip-a-Payment allows customers with a home equity line of credit or installment loan to skip a payment with no extension fee, AmSouth said. The Special Unsecured Installment Loan Offer lets consumers who qualify for an unsecured loan receive a special rate with no processing fee. Special Business Loan Payment Assistance allows customers to request a 30-day extension for loan repayment. The company said consumers may apply for an array of competitive mortgage products, including affordable housing programs featuring little to no downpayment and requiring no mortgage insurance. And borrowers may apply for a HELOC with a variable interest rate that equals prime minus 0.50%. This rate is good for the life of any transaction that posts in the first 30 days. In addition, customers receive a $100 cash bonus with a new AmSouth HELOC.