Beginning April 1 through June 29th you may apply for a Home Equity Line of Credit with an introductory rate of 1.99% APR* until January 1, 2019. A Home Equity Line of Credit has a seven year draw period, and an eight year repayment period for a total of fifteen years. There is no application fee, no annual fees and no minimum draw. Get the resources you need to repair, remodel & redecorate your home.
*APR = Annual Percentage Rate. The 1.99% introductory APR applies until January 1, 2019, and is limited to credit union members with newly-opened HELOCs during the introductory period. Thereafter, a variable rate of 5.00% to 18.00% will apply, and is based on credit history, loan to value and other underwriting criteria. The variable APR is based on the index value (prime, currently 4.5%), plus a margin, subject to change, but at no time shall exceed 18%. Applications must be submitted by June 29, 2018 to receive consideration for the introductory APR. The introductory rate cannot be combined with any other offer. Property insurance is required and, if applicable, flood insurance will be required. Additional restrictions, limitations, and exclusions may apply. Please contact Birmingham Bloomfield Credit Union for additional details. NMLS#500296