If you are looking to update your home, purchase a new deck or hot tub, now you can with Home Equity Line of Credit from TRUE Community Credit Union with rates as low as 3.50 APR!
As part of our TRUE celebration, we are giving you a chance to win The Outdoor Giveaway to kick start your home updates.
The prize includes a Bayfield 11 Ft. W x 11 Ft. D Steel Pop-Up Gazebo, Abbondanzio Wicker/Rattan 4 - Person Seating Group with Cushions (photo on the left in the image above) and steel Wood Burning Outdoor Fire Pit (furniture with the Gazebo photo above is not included).
*APR = Annual Percentage Rate. All rates based on credit experience and are subject to change without notice. HELOC rates adjust monthly based on prime rate plus the 0.25% margin; There is a 2% annual cap and a 18% lifetime cap; 3% floor rate for Platinum, A and B paper for decreases in the adjusted rate; 4% floor rate for C and D paper for decreases in the adjusted rate. The index is the PRIME RATE as published in the WALL STREET JOURNAL, under Money Rates. The line of credit has a draw period of up to 10 years, after which you will no longer have access to borrow funds and will be required to repay the borrowed balance within a 10-year repayment period. During the Draw period the payments will be calculated based on 1.6% (or $1.60 per $100.00 borrowed) of the outstanding balance. Interest on the portion of the credit extension greater than the fair market value of the dwelling is not tax deductible for Federal Income Tax Purposes. Consult a tax advisor regarding deductibility of interest and fees. Property insurance required. If the borrower is not already a member, a $1 fee is required to join the credit union. Membership eligibility guidelines apply. Fees for appraisals, inspections, and escrow, if required, will be passed on to the borrower. Some restrictions may apply. See branch for full details. **No purchase necessary to enter or win.