Disclosure:
*Approval for this loan is subject to creditworthiness, sufficient equity in your current home, and the ability to carry both mortgage payments, as determined by underwriting guidelines. Additional documentation and financial reserves may be required.
Bridge Home Equity Line of Credit**
- Borrow up to 80% of your home's value
- Min/Max Loan Amount: $10,000 - $250,000
- Term: 10 year draw; 10 year repayment period
- Member pays all closing and appraisal costs
- Manage your account online through Online or Mobile Banking
- Apply online or by calling (800) 942-9575
Disclosure:
APR – Annual Percentage Rate. APR and rates may be subject to change without notice.
**The rate will be set on the 1st business day of each month which will be either a floor rate of 6.00% APR with a daily periodic rate of 0.01643836, or Prime Rate (as published in the Wall Street Journal on the first day of each month, whichever is greater. Current Prime rate is 7.50% . APR is 7.50% with a daily periodic rate of 0.02054795. Maximum APR is 18%. Floor rate is 6.00%. Draw period is 10 years with 10 additional years to repay. Loan must be first or second lien position. Actual rate and margin offered may be adjusted based on credit history and other factors - this may result in a higher rate than our published rate. Equity determined by taking 80% of property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $475 to $700. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance required. Rate subject to change after consummation. All closing costs are paid by the borrower. The fee will range from $1279.49 to $2882.29, which includes $700.00 Origination Fee to Align Credit Union. All others will be determined based upon the fees incurred by Align Credit Union during the processing and consummation of the HELOC. Align members must maintain a $5 deposit relationship. Offer applies to owners occupied primary residences and second home residences only. Offer may be withdrawn without notice. All requests subject to credit approval.
Bridge Home Equity Loans***
- Borrow up to 80% of your home's value
- Min/Max Loan Amount: $10,000 - $250,000
- Various terms available
- Fixed rate for the life of the loan
- Member pays all closing and appraisal costs
- Manage your account online through Online or Mobile Banking
- Apply online or by calling (800) 942-9575
Disclosure:
APR – Annual Percentage Rate. Rates may be subject to change without notice.
***Bridge Home Equity Loans - The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance is required. Must be a first or second lien position. All requests are subject to credit approval. Actual rate and margin offered may be adjusted based on credit history and other factors – this may result in a higher rate than our published rate. Member pays all closing costs at closing and appraisal costs (if needed). Align members must maintain a $5 deposit relationship. Approval for this loan is subject to creditworthiness, sufficient equity in your current home, and the ability to carry both mortgage payments, as determined by underwriting guidelines. Additional documentation and financial reserves may be required. Offer applies to owner occupied primary residences and second home residences only. Offer may be withdrawn without notice. All requests subject to credit approval.
