Home Equity Line of Credit and a 4% floor
Establish a line of credit for up to 80% of the equity in your home. Lines of credit range from $10,000 to $150,000. The draw period is up to nine years and use the funds as you need them. You pay interest only on the outstanding balance for the first 9 years of the loan. There is only a $75 application fee and no annual fees or closing costs. Loans have a variable rate, as low as Prime* with 2% annual and 10% lifetime caps and a 4% floor. The 4% floor is waived until Prime rate increases to 4%.
Our credit union and Loan Officers are registered with the Nationwide Mortgage Licensing System and are your experts to help you choose the right way to finance your fantastic future.
Members Credit Union
NMLS # 465890
*Prime rate as published in the Wall Street Journal in the last business day of the previous month. Prime rate is 5.50% as of 1-1-19.