APR – Annual Percentage Rate. Rates may be subject to change without notice.
HELOC - An introductory Annual Percentage Rate (APR) as low as 1.99% for the first twenty four billing cycles with a daily periodic rate of 0.00545%. Thereafter, the APR will be set on the 25th business day of each month which will be either a floor rate of 3.00% APR with a daily periodic rate of 0.00822%, 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 3.00%. 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 the 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.
Offer applies to owner occupied primary residences and second home residences only. Offer may be withdrawn without notice. All requests subject to credit approval.