WCU Edge Home Equity Line
Intro Rate 1.75% APR* click here for rates
Home Equity Edge Line of Credit Special at Worcester Credit Union
When we say “Value Of Membership at Worcester CU”, we mean it, and this line of credit delivers it! You deserve access to the equity in your home easily without application fees or closing costs- so why wait? The equity you’ve built into your home can allow you to manage the expenses for your present and future needs. This great line of credit gives you the ‘edge’ to manage day to day issues as they arise, easily and without a long process each and every time you need to access funds. With our Edge Home Equity Line of Credit, you can borrow against the equity in your home; up to 80% Loan to Value on owner occupied, 1 to 4 family dwellings. We do not escrow for property taxes, homeowner’s insurance and/or flood insurance.
Use your Home Equity Line of Credit for:
- Home Improvements
- Major Purchases
- Debt Consolidation
- Anything else you want in life!
Get started today – call us at 508.853.9966
*Annual Percentage Rate (APR) is accurate as of 07/31/2020 and is subject to change after the account is opened. An introductory APR of 1.75% for the first twelve billing cycles. Thereafter, the APR will be set on the last business day of each month, which will be either a floor rate of 3.50% APR or 1% below the US Prime Rate as published in the Wall Street Journal on the last business day of each month, whichever is greater. **Rate will not go below 3.50%. The US Prime Rate on July 31, 2020, was 3.25%, resulting in a non-discounted APR of 3.50% due to the floor rate. Maximum APR is 18%. If appraisal is required, the charge will range from $400 to $550. Offer applies to owner occupied primary residences only. All requests subject to credit approval. Maximum repayment period is 20 years. Early Termination Fee: If the Line of Credit is paid off and borrower requests a discharge of mortgage within 36 months of account opening, an early termination fee of $500 will be charged. All credit union loan rates, terms, conditions are subject to change at any time without notice.
Spotlight on Worcester Credit Union 10 Year Mortgage/1st Lien Equity – Our 10 Year Mortgage option offers an innovative way to lower your current mortgage rate using the equity in your home. This loan will replace your current mortgage with no closing costs.
Loan to Value maximum is 80%, home must be an owner occupied, single family dwelling. Worcester Credit Union must be 1st lien holder on the property. We do not escrow for property taxes, homeowner’s insurance and/or flood insurance. Loan to Value maximum is 80%, home must be an owner occupied, single family dwelling. Worcester Credit Union must be 1st lien holder on the property. We do not escrow for property taxes, homeowner’s insurance and/or flood insurance.
WCU Edge Home Equity Loan
If you are looking for the security of a fixed interest rate, a fixed payment, and a fixed term, an Edge Home Equity Loan from Worcester Credit Union is the answer. You will know exactly what your payment is each month and when the loan will be repaid. Borrow against the equity in your home; up to 80% Loan to Value on owner occupied 1 to 4 family dwellings. We do not escrow for property taxes, homeowner’s insurance and/or flood insurance. For more information, please call us at 508.853.9966.