![]() The minimum payment will not repay principal resulting in an increase of your payment at the end of the draw period. For every $1,000 borrowed at the current Prime Rate of 8.50% APR your minimum payment will be $6.98 monthly if you choose to pay only the interest. For every $1,000 borrowed at 2.49% APR your minimum payment will be $2.05 monthly if you choose to pay only the interest. With an Interest Only HELOC, you may choose to pay only the interest on the money you borrow for 10 years from the date the loan is established (“draw period”). Standard (principal and interest) or Interest Only HELOCs available. Borrow up to 80% loan-to-value or $250,000 maximum. ![]() The floor rate is 3.50% APR and the ceiling is 5.00% APR above the Prime Rate at the time of your application. Home Equity Line of Credit: The introductory rate of 2.49% APR is fixed for the first 12 months, after which the rate will adjust annually on the anniversary date of the line of credit to the current Prime Rate published in the Wall Street Journal. Home Equity Loan: Borrow up to 100% Loan-to-Value or $250,000 maximum. Credit qualifications and approval are required. Rates, terms, and conditions are subject to change without notice. Interest Only Line of Credit (introductory rate)ĪPR=Annual Percentage Rate. Standard Line of Credit (introductory rate) Properties must be a primary residence located in Maryland, Pennsylvania or Delaware. Choose to pay only the interest on the money you borrow for up to 10 years.Borrow up to 80% of your home's equity or $250,000 maximumĪn interest-only home equity line of credit (Interest-Only HELOC) lets you maximize your home's equity while keeping your payments even lower with more flexibility.Low monthly payments make this a great way to maximize the investment in your home. Borrow up to 100% of your home’s equity or $250,000 maximumĪ variable-rate home equity line of credit (HELOC) is a flexible way to draw on your home’s equity for virtually any use.If you do not want us to pay your overdrafts, you must tell us you want to "opt-out." If you receive a direct deposit social security or other federal benefit check, you must “opt-out” if you do not want us to use those funds to repay an overdraft, including any fees assessed.A fixed-rate home equity loan lets you borrow against your home’s equity and repay it with low, predictable monthly payments. ![]() Point Breeze Credit Union may, at our sole discretion, pay overdrafts up to the limits noted, including our current Non-Sufficient Funds fee(s) for each item that overdraws the account. *To qualify for Courtesy Payment, you must be a member in good standing with the credit union, which means you have an account with us for a least 90 days, you make regular deposits to that account to bring your account back to a positive balance at least once every 30 days or less, and there are no legal orders against the account.
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