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Home Equity Line of Credit

As low as 1.99% APR* click here for details

Tap the equity in your home whenever you need it by establishing a Home Equity Line of Credit. Finance just about any worthwhile expenditure – from a remodeled kitchen to your daughter’s wedding! Rates and terms are always very competitive. And the interest may be tax-deductible (Please consult your tax-advisor).

Get started today – call us at 508.853.9966

*Annual Percentage Rate (APR) is accurate as of 09/01/19 and is subject to change without notice. An introductory Annual Percentage Rate (APR) as low as 1.99% for the first twelve billing cycles with a periodic rate of 0.00545%. Thereafter, the APR will be set on the last business day of each month which will be either a floor rate of 3.00% APR with a periodic rate of 0.00822%, or, 0.25% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Floor rate is 3.00% APR. Draw period is 10 years with 10 additional years to repay. Equity determined by taking 80% of property value and deducting balance of any mortgages. If appraisal is required the charge will range from $400 to $550. The minimum loan amount is $10,000 and the maximum is $150,000. Property insurance required. Rate subject to change after consummation. Worcester Credit Union members must maintain a $5 deposit relationship. Offer applies to owner occupied primary residences only. Offer may be withdrawn without notice. All requests subject to credit approval. Actual rate and margin offered may be adjusted based on your credit history and other factors that could impact our actual rate. This may result in higher rate than our published rate.

Fixed Rate Second Mortgage

If you are looking for the security of a fixed interest rate, a fixed payment, and a fixed term, a Fixed Rate Second Mortgage from Worcester Credit Union is the answer. You will know exactly what your payment is each month and when the loan will be repaid. For more information, please call us at 508.853.9966.

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