Home Equity Line of Credit (HELOC)*
(Effective: Wed. October 16, 2019)
|Type||Interest Rate fixed for 12 months**|
|20 Year Term Variable Rate||1.99% APR***
|*10 year draw period, 10 year repayment period. Current rate is as stated above or the greater of 3% or 1/4% below Prime. Prime rate as published in the Wall Street Journal on the 15th of every month.
**The initial rate may be as low as 1.99%. At the end of the initial 12 months, rates will go to the greater of 3% or 0.25% below Prime. Prime rate as published in the Wall Street Journal on the 15th of every month. The minimum credit line is $10,000 and the maximum credit line is $150,000. The maximum APR that may be imposed is 18% in a variable-rate plan. Closing costs may apply. Property Insurance is required. Flood insurance is required if the property is located in flood zone. Annual Percentage Rate ( APR) ranges from 1.99% to 18% depending on credit score, term and loan to value. Subject to credit approval. Restrictions apply. Rates are subject to change. Promotion is subject to termination without notice. Please call a Worcester Credit Union representative for further information at 508-853-9966.
Temp-table Abol Bhadori 2019-09-19T16:52:45-04:00