|
You can with a PSCU Home Equity Line of Credit (HELOC). Use the equity in your home to make home improvements, take your dream vacation, pay for college tuition, build an emergency fund or tackle your outstanding debt.
Our HELOCs offer fixed rates as low as 4.50% APR* (or prime minus 0.50%) for all advances made within the first 30 days of the loan period.
You may borrow up to 100% of the equity in your home.
With our Interest Only option, you pay only the interest accrued on purchases each month. Or choose our 1% of Balance Option and pay off both interest and principle each month. Your low minimum monthly payment will be 1% of the outstanding balance.
Terms for both HELOCs are 15 years, consisting of a 5-year advance (draw period) and a 10-year amortized repayment period. There is no prepayment penalty.
Access to your funds is easy with unlimited check writing or fund transfers to your checking or savings accounts either in person, or through My Account Home Banking or CHAT.
Take advantage of the benefits of tax deductible interest on a HELOC.
We offer three easy ways to apply:
*All products are subject to credit and property approval. Rates and terms are subject to change without notice. Certain restrictions and limitations may apply. Closing costs average $300, not including appraisal fee. Home equity loans must be secured by your owner-occupied residence with a minimum loan amount of $10,000. Property insurance is required. The rate is indexed to prime plus or minus a predetermined margin and is subject to change quarterly. The maximum rate of interest is 18.00% APR. The floor interest rate is 4.50% APR until September 30, 2008 at which time the floor rate will readjust to 6.00% APR.
**For specific tax advice, please consult a qualified tax professional.
|
