Minimum: $10,000 credit limit Maximum: $250,000 credit limit
Variable interest rate tied to Prime Rate (prime + 0.50) with an annual cap of 3% and a lifetime cap of 12%, subject to change on the 1st day of each month.
CURRENT RATE = 3.75%
Maximum term: 15 years with a ten- year draw period. Ask us how much equity in your home is needed (ltv). Payment amount: 1.0% of the outstanding balance ($50 minimum) Annual fee: $50 Loan processing fees: member pays title insurance and property evaluation cost. Credit Union pays the remaining processing fees
Perfect for securing a loan with your home to obtain a low interest rate and the ability to ongoing borrowing, as you need
