Home Equity Line of Credit
Lock into today's low rate for 3 years
Whether you choose to consolidate higher interest debt, pay tuition, or give your outdated kitchen a makeover, a Home Equity Line of Credit from your Credit Union puts your homes equity to work.
Youll benefit from this special offer with:
This limited-time special also offers:
To open a Home Equity Line of Credit:
Hurry, this offer expires 6/30/11.
1 Minimum balance of $20,000 must be maintained for 12 months to avoid closing costs on a new or refinanced loan.
2 Promotional rate will be in effect for 36 months and can vary based on credit history. Rewards rates do not apply to the promotional term. After the first 36 months and for the remainder of the 10 year term, the Annual Percentage Rate (APR) will be the Prime Rate, plus or minus a margin based on credit history and available equity. The APR is based on the highest Prime Rate reported in the Money Rates section of The Wall Street Journal. On 1/31/11, the WSJ Prime was 3.25%. The minimum APR is 3.99%, maximum is 18%. You may be able to reduce the APR on the remaining term up to .75% with Rewards pricing. To qualify for a Rewards APR, you must elect an automatic payment option and have two of the following: direct deposit of at least $500 per month into your credit union checking account, at least $25,000 on deposit with the credit union, or a loan in good standing. Ask for details. Loan-to-value must be 80% or less to qualify for stated 3.99% APR. Other promotional rates available. Offer not valid in Texas. Closing costs vary by state and range from $285-$995. Closing costs paid by BCU are limited to appraisal, flood determination, title insurance and recording fees. Costs to satisfy certain prior liens may be assessed. Property insurance is required; flood insurance may be required. Offer applies to residential, owner-occupied residences and is subject to our underwriting standards. Vacation and investment properties are not eligible. All loans subject to final credit approval, which includes verification of application information and receipt of collateral documents.
3 Consult your tax advisor regarding the deductibility of interest.