Your investment in your home is worth money in your pocket! Our Home Equity Line-of-Credit (HELOC) is designed to give you borrowing power for almost any type of major or minor purchase. This type of loan may be used for vacation, college tuition, a new car, home improvements, consolidation of debts, and more!
We offer convenient, flexible terms and a competitive rate along with a revolving line of credit. And, unlike many loans, the interest you pay on a home equity loan may be tax deductible. *
- The rate is based in the Wall Street Journal’s Prime Rate + 0.5% (minimum rate of 5.0% APR)
- The rate is variable & subject to change quarterly (Jan, Apr, July, & Oct 1st)
- The rate will not change more than 1% per adjustment
- The rate will not change more than 10% over the life of the loan
- The term is 15 years but there is no prepayment penalty
- Closing cost are waived with a $5,000 minimum advance within 30 days of closing
- Subsequent advances must be for at least $1.000
- The limit is based on the home’s appraised value (100%)** less the first mortgage balance
- subject to credit approval
Call (513) 569-7878 or email email@example.com for an application and details.
* Consult a tax advisor regarding the deductibility of interest.
** Some restrictions apply-see credit union for details.