Home Equity Line of Credit Special
posted on Monday, August 3, 2020 in Specials
Now is a great time to consider a Home Equity Line of Credit.
If you’re one of the many finding yourself with a little extra time, this may be just the time to start a home project, consolidate debt, or finance a purchase you’ve been waiting to make. Our new Home Equity Line of Credit - the FLEX HELOC, puts you in control! A great rate with the customization you need - along with two opportunities to lock in fixed rates. Get the funds you need, when you need them.
Apply online today
*APR: Annual Percentage Rate. Introductory rate offer is effective as of 08/03/2020 and subject to change at any time. Offer is available for new home equity lines of credit (HELOC) for owner-occupied, single-family residential properties. (Current loans must be from another financial institution to refinance.) After the initial 6 months, the APR will become variable. Currently the fully indexed rate after introductory period is 3.25% APR (WSJP + 0%) and is based on a minimum credit score of 740 and up to 90% Loan to Value (LTV). Other rates and terms apply based on the credit score and LTV. Maximum APR is 18%. The monthly payment will be 1.5% of the principal balance of the loan (applied to principal and interest, $100 minimum payment). The member has the option of choosing up to 2 fixed-rate lock requests at our disclosed rate for a period of 5, 10 or 15 years. Closing costs range from $0 (for new HELOC with $10,000 minimum initial advance) up to $720 (for existing HELOC or those with less than $10,000 initial advance) plus appraisal fees which may range from $495 to $650. This special offer requires a minimum draw of $500. Limited-time offer. Property insurance required. Subject to credit approval and qualifications. Consult a tax advisor regarding the deductibility of interest.