Special Offer! Limited Time Only!
A Home Equity Line of Credit is a revolving line of credit secured by the equity in your home. It’s a great way to pay for unexpected expenses like home appliances, home repairs or to pay off high interest credit cards and unsecured loans. It can also be used to fund larger items like college tuition, a car or even a vacation! You can draw on it as often as you need. Plus, the interest you pay may be tax deductible.
*Rate and corresponding Annual Percentage Rate (APR) may vary from the advertised rate based on the loan-to-value ratio and credit history.
Subject to credit approval and CUB checking account with Direct Deposit.
1.99% APR applies to the 6 month introductory rate period; thereafter, rate varies monthly with the Prime Rate (currently 3.25%).
Offer applies to a minimum line of credit of $15,000.
Property insurance, other fees and restrictions may apply.
Estimated loan fees of $125 and a $50 annual fee after the first year.
Maximum APR that can be imposed is 11.25% APR. Minimum draw amount of $500.
Your minimum monthly payments will not repay the principal that is outstanding on your line at the end of the term. You will be required to pay the entire outstanding balance in a single balloon payment at loan maturity.
Consult a tax advisor regarding deductibility of interest.
For more information regarding rates, fees, terms, conditions and any restrictions contact a Citizens Union Bank Loan officer.
Limited Time Offer.
NMLS # 756034
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Home Equity Line of Credit