* 3.25 % APR variable Annual Percentage Rate ("APR") in effect as of
12/22/2011 for home equity lines of credit with 80% maximum combined loan to value (LTV) on homestead property (prime plus a margin of 0%). For loans up to 90% combined LTV, the rate is equal to 4.25 % APR. (Prime plus a margin of 1%). The index is the highest bank prime rate published in the FEDERAL RESERVE statistical release H.15
SELECTED INTEREST RATES as of the twenty-second day
of the months of March, June, September and December. The APR is subject to change quarterly and may increase or decrease but will not exceed 18.00%. Minimum line to open the account is $5,000.00. Maximum line is $60,000.00. Subject to credit approval and property evaluation. Consult your tax advisor regarding deductibility of interest. Property, flood and/or title insurance, if applicable, are required. There is an annual fee of $25.00. Estimated fees paid to third parties generally total between $121 - $196.
Membership required.
For loans written prior to
May 21, 2008:
*3.25% APR variable Annual Percentage Rate ("APR") in effect as of 12/19/2011 for home equity lines of credit with 80% maximum combined loan to value (LTV) on homestead property (prime plus a margin of 0%). For loans up to 90% combined LTV, the rate is equal to 4.25% APR. (Prime plus a margin of 1%). The index is the highest bank prime rate published in the FEDERAL RESERVE statistical release H.15 SELECTED INTEREST RATES as of the third Monday of the months of March, June, September and December. The APR is subject to change quarterly and may increase or decrease but will not exceed 18.00%. Minimum line to open the account is $5,000.00. Maximum line is $60,000.00. Subject to credit approval and property evaluation. Consult your tax advisor regarding deductibility of interest. Property, flood and/or title insurance, if applicable, are required. There is an annual fee of $25.00. Estimated fees paid to third parties generally total between $121 - $196. Membership required. There is an Early Account Closing Fee of $200.00 should the account be closed prior to two years from the date of origination for any reason other than the sale of the home, casualty loss, default or refinance with Service Credit Union .
Home Equity Loans
Our maximum home equity loan amount is $60,000.00. The maximum term is 15 years. (Available with demand feature closed end loans only). We offer a Home Equity line of Credit (HELOC) also. Call 920-433-1784 for more information.
If you are interested in a home equity loan and would like to determine if you have enough equity in your home to qualify, check out the home equity loan program (this is a worksheet in Adobe Acrobat PDF format. If you do not have Acrobat reader, you can download a copy free).
