HOME EQUITY LINE OF CREDIT
With a Home Equity Line of Credit Loan from OURCU… almost anything is possible!
Using the equity you’ve already built in your home can be a low cost option to tackle a home improvement project, college education, an awesome vacation, debt consolidation, medical expenses, etc.
Fixed rates as low as 7.25% APR*
Credit lines up to $200,000.00*
Convenient and easy access to funds
Borrow purchase-by-purchase up to your credit limit
Available on your primary home in Washington
Access your equity line for 5 years on a fixed rate
One-time Document Preparation Fee of $800.00 built into your Home Equity Line of Credit
No annual fee or prepayment penalties
Possible tax deduction on interest paid – consult your tax adviser
*APR = Annual Percentage Rate. 5 year draw period-10 year pay back. Maximum loan amount $200,000-First Mortgage/$150,000-Second Mortgage – maximum term of 120 Months. Fixed Rate Home Equity Line of Credit does not include costs other than interest. Example of First Mortgage Position Payment: $100,000 borrowed on a maximum 120 month term with 7.25% fixed APR = $1,174.01/month if to limit. This is an estimated payment, specific to the draw period. Payment is based on principle balance. Terms and conditions apply and are dependent qualifications. Other restrictions apply. Subject to approval and must be a member in good standing. Programs, rates, terms and conditions are subject to change without notice. Call for details.
