Home Equity Line of Credit

*APR=Annual Percentage Rate

*Home Equity Line of Credit:  APR will be variable based on an index plus or minus a margin for the life of the loan. The index is the highest prime rate as published in the Money Rates section of The Wall Street Journal. The margin ranges from 0% to 3.00% and is based on overall creditworthiness factors. The prime rate as of March 12 ,2021  is 3.25%.  Promotional rate applies only to new Home Equity Lines of Credit opened between October 1, 2021 and January 15, 2022. After the promotional period a variable rate currently between 3.25% - 5.75% would apply. Minimum loan amount is $10,000; maximum is $250,000. The APR will never exceed 18% and will never be lower than 3.25%. Loans and actual standard rate offered are subject to approval based on overall creditworthiness factors and collateral. Maximum loan to value is 80% and collateral must be titled in the State of Michigan. Promotional rate offer and margin may be changed or discontinued at any time without notice. Other conditions may apply. Credit Union ONE waives fees for Collateral Valuation (including appraisal if required), Credit Report, Flood Certification, Junior Title Policy and Mortgage Recording. Applicant pays appraisal fee which is fully reimbursed at closing if loan approved and loan closes within 45 days of application.

Offer may be discontinued or changed at any time.