A Home Equity Loan is an installment loan secured by the equity in your home.
Is your home equity rate climbing? Get a fixed rate of 5.99% APR for 5 years with our Fixed for Five Home Equity Line of Credit. Visit your local service center for information about our Fixed for 5 Home Equity Line of Credit today.
The introductory rate of 5.99% APR will be applied for the first sixty billing cycles for qualified borrowers. On the first billing cycle following the introductory rate period, the rate will equal 0.50% below the Wall Street Journal Prime Rate as published on the 5th day of the month preceding the first day of the quarter and may vary thereafter in accordance with the Prime Rate. Other terms and conditions apply, see a TCU representative for details.
A Home Equity Line is a Revolving line of credit with credit card access secured by the equity in your home.
Additional Enhancements:
The Home Equity Line is a variable rate line of credit, offered to qualified borrowers. The introductory rate of 2.25% Annual Percentage Rate will be applied for the first four billing cycles, beginning on the date the line of credit is established. Beginning on the first day of a billing cycle following the introductory rate period, loans with a loan to value of 80% or less will be charged a variable rate equal to the Wall Street Journal Prime Rate (which was 3.25 APR as of 9/7/11). Loans subject to a minimum finance charge of 50 cents. Borrower may be responsible for closing costs or may be responsible for a $300 pre-payment penalty. This promotional offer subject to change at any time. New members are subject to a $7.00 membership fee and $5.00 initial share deposit.
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