Get all the benefits of a home equity loan with the convenience and flexibility of a credit line. Draw from your home equity line of credit any time you need to pay for home improvements, debt consolidation or any large purchases and repay on flexible terms. Line of credits carry a variable interest rate that is attached to the prime rate. Now for a limited time, get a HELOC with a low rate of 2.50% APR* for the first 12 months. After the first 12 months, the rate is the still low, fully indexed rate of 3.25% APR*.
* APR= Annual Percentage Rate. 2.50% variable APR for terms up to 180 months. 2.50% APR is in effect for first 12 months on new Home Equity Line of Credits with LTV < 70%. LTV 71%-80% = 3.25%, LTV 81%-90% = 4.00%. After 12 months the normal indexed rate will apply. The rate is a variable rate and the maximum rate that may apply is 15.00% APR. Offer only applicable for new and refinanced Home Equity Lines of Credit. In most cases, MVFCU will pay closing costs up to $450 if standard conditions are met. Certain restrictions may apply. Appraisal fee not included in closing cost estimates. Early termination occurs when loan is satisfied. If early termination occurs, any closing costs paid by MVFCU must be repaid by borrower. Rate, terms and conditions are subject to change without notice. Loans are subject to creditworthiness. This offer is subject to normal credit qualifications. Some additional restrictions may apply. Speak with a loan officer for complete details. Rates are subject to change at any time based upon Board of Directors and/or Asset Liability Committee (ALCO) review and changing market conditions.