Home Equity Line of Credit

*Home Equity Line of Credit: APR=Annual Percentage Rate. 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 November 4, 2019, is 4.75%. 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. Introductory rate offer and margin may be changed or discontinued at any time. Offer may be 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.

 †The initial discounted Annual Percentage Rate will be in effect for the first 12 calendar months from the opening date as reflected on the Home Equity Addendum.

Offer may be discontinued or changed at any time.