Harness Your Home's Potential with a HELOC

[1] APR = Annual Percentage Rate. The introductory APR is fixed for one year (twelve months).  After the second year, the APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin. To obtain an introductory rate, borrower must meet credit and loan program requirements, including (but not limited to): 1) maximum Combined Loan-to-Value (CLTV) of up to 80% (for Premier Members Only with credit score of 600 or higher), 2). borrower must have automatic transfers from a Finex CU checking account for the monthly HELOC payments, 3) borrower must not have had a previous introductory rate for a Finex CU HELOC within the past three years, and, 4) Existing Finex Credit HELOC’s are not eligible for promotion unless a new line is taken out at $25,000 more than the original line. Certain restrictions apply to existing lines of credit with Finex CU. 5) Promotional discount is tied to members who have been in good standing for 90 days and a relationship account which we define as Cashback, Cashback Plus, or High-Rate Checking account holders plus $500 minimum direct deposit/month.  Minimum loan amount of $25,000 and a maximum of $250,000. The introductory rate applies to the variable line in use only and is not applicable to any Fixed-Rate Loan Option. Homeowners insurance is required. Closing costs will be waived however, if your loan is paid off within the first two years of the closing date, you will reimburse the Credit Union for amounts paid on your behalf. Sale terms are effective on applications received from 10/1/2024 to 11/30/2024.

[2] The APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). The minimum floor APR is 4.00%. HELOCs are variable rate products and rates may not exceed the maximum legal limit for Federal credit unions (currently 18%). The Prime Rate as of 9/19/2024 = 8.00%.

[3] Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Rates shown are based on a borrower’s 1-4 family primary residence, a maximum CLTV of 80%, must be a first or second lien, and automatic transfers from a Finex CU checking account. Consult a tax professional regarding the potential deductibility of interest. Relationship membership at Finex CU is required. General membership or new members must start minimum Direct Deposit of $500/month and utilize debit card 12 transactions/month. Must be active for 90 days and account activity must be reviewed by loan manager to receive discount rate.