APR – Annual Percentage Rate. Rates may be subject to change without notice.
HELOC -An introductory Annual Percentage Rate (APR) as low as 2.99% for the first twelve billing cycles with a daily periodic rate of 0.00819%. Thereafter, the APR will be set on the 25th business day of each month which will be either a floor rate of 3.50% APR with a daily periodic rate of 0.00959%, or, the Prime Rate published in the Wall Street Journal on the 25th day of each month, whichever is greater.
Maximum rate is 18%. Floor rate is 3.50%. Draw period is 10 years with 10 additional years to repay. Loan must be a first or second lien position.
Equity determined by taking 80% of property value and deducting balance of any mortgages. If appraisal is required, the charge will range from $400 to $550. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance required. Rate subject to change after consummation.
Align members must maintain a $5 deposit relationship. Properties deeded in a revocable trust will require a legal review and the charge can range from $150.00 to $250. An early termination fee of no more than $750 may be imposed to cover fees paid to third parties if line is discharged within 24 months of note date.
Offer applies to owner occupied primary residences and second home residences only. Offer may be withdrawn without notice. All requests subject to credit approval.