Home Equity Line of Credit
Take advantage of the equity in your home to do some home improvements, pay college tuition, take a vacation, or use for other personal reasons. We have the equity plan to fit your needs. Please stop by any PFCU Office or call one of our Loan Officers for more information. Please consult a tax advisor regarding the deductibility of interest.
INTRO RATE: For each of your billing cycles through June 30, 2018, the monthly Periodic Rate for new transactions will be an APR of 1.99%. Beginning with your billing cycle for July 2018 the Periodic Rate and the corresponding APR for all transactions and balances will be based upon your contracted rate which will be a variable rate based upon The Wall Street Journal prime rate which was 4.25% as of 7/1/2017, but will never be more than 18.00% APR or less than 4.00% APR for transactions with a loan to value ratio equal to or less than 65.00% and will never be more than 18.00% APR or less than 5.00% APR for loan to value ratios between 65.01% and a maximum loan to value ratio of 80.00%. Your APR will be based on several factors, including your credit history/credit score, loan to value ratio, property type, and lien status. Your first billing cycle after the date of the Agreement may be less than a full or complete billing cycle. No other discounts apply to the Intro Rate.
*APR (Annual Percentage Rate): Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Minimum initial loan advance of $25,000 required.
All loans subject to approval and must meet PFCU lending guidelines. Existing PFCU loans originated on or before March 31, 2016, qualify for refinance when increasing the line of credit limit by an additional $25,000. A minimum advance of $25,000, above the loan amount refinanced, will be required. Loan to value restrictions will apply.