Home Equity Line of Credit
|Product||APR*||Amount Financed||Maximum Term||Maximum LTV||Rate Structure|
|Home Equity Line of Credit||As low as 4.50%||$5,000 - $250,000||25 Years||80%||Variable|
|MWD FCU home equity line of credit features variable rates based on the Prime Rate (as published in the Wall Street Journal) plus a margin which as of 8/1/17 ranges from 4.50% APR to 10.00% APR for line amounts from $5,000 to $250,000.|
|Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. Other restrictions may apply. Interest on your HELOC may be tax deductible. Please consult your tax adviser regarding the deductibility of interest.|
|Lock in all or any portion of your variable balance with a fixed rate at any time. Call (213) 217-6612 for more information about our Home Equity Line of Credit Fixed Rate Option.|
*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. Please consult your tax advisor regarding the tax deductibility of interest on a home equity line of credit.