Home Equity Line of Credit
|Product||APR*||Amount Financed||Maximum Term||Maximum LTV||Rate Structure|
|Home Equity Line of Credit||As low as 5.25%||$5,000 - $250,000||25 Years||80%||Variable|
|Your variable interest rate will never increase or decrease by more than 2.00 percentage points each year and will never be less than 5.25% APR nor greater than 16.00% APR and will apply to the remaining principal balance.|
|You can obtain credit advances for 120 months (the Draw Period). During the Draw Period, payments will be due on a monthly basis. Your minimum periodic payment will be established at the time of each advance or change in interest established at the time of each advance or change in interest rate; to the amount necessary to fully amortize your then outstanding account balance no later than 180 months from the date of agreement, plus any portion of the minimum payments shown on prior statement(s) which remains unpaid, subject to the lesser of $50.00 or your account balance.|
|If your payment is more than 10 days late you will be charged $20. To maintain a line of credit, you must pay us a $75 inactivity fee finance charge. You will pay $400 if you cancel your line of credit (LOC) for any reason in the first 3 years. You must carry insurance on the property that secures this plan. Loan amounts $25,000 - $100,000 up to 80% CLTV. CLTV = Combined Loan-To-Value.|
*APR=Annual Percentage Rate. All Credit Union loan programs, rates, term, and conditions are subject to change at any time without notice. All Credit Union loan rates and terms are based on an evaluation of applicant credit. Your actual rate may vary. All loans are subject to approval.