If
you are a homeowner, the equity in your home can be a great resource
to pay for some of your large expenses, like home
improvements
or additions, college tuition, or even bill consolidation. In addition
to low rates, home equity loans have a number of advantages.
- for the ultimate in convenience, this
revolving line of credit is ready when you need it! Rates as low as Prime Minus .25%!*
• easy access to funds through ReadiEquity checks,
home banking, TELE-TALKPlus,
by phone or in person
• rates as low as 5.00%* - rates subject to change monthly
• interest-only payments for first eight years
• lines of credit from $7,500 up to $250,000**
• no closing costs***
• the interest that you pay may be tax deductible****
- take advantage of a low, fixed-rate for the life
of the loan...and check out our Equity Home Improvement
Loan!
* borrow from $5,000 to $250,000**
* no closing costs***
* the interest that you pay may be tax deductible****
- in an effort to go green, Georgia's Own Credit Union will offer a 1% rebate up to $500 when you use your ReadiEquity Line of Credit or Fixed Rate Home Equity Loan for Energy Star qualified home improvements. *****
| 7 Years |
$5,000 |
5.00%* |
$14.14 |
| 10 Years |
$25,000 |
5.50%* |
$10.86 |
| 15 Years |
$35,000 |
6.00%* |
$8.44 |
| 7 Years |
$5,000 |
6.00%* |
$14.62 |
| 10 Years |
$25,000 |
6.50%* |
$11.36 |
| 15 Years |
$35,000 |
7.00%* |
$8.99 |
• loans on second homes and rental properties available
• terms vary
*Your Annual Percentage Rate may vary according to your creditworthiness and
loan to value and could be higher than the stated rate. Please ask a Loan Officer
for details on how your rate is determined. **Maximum loan amount is $250,000
if LTV is 80% or less. Maximum loan amount is $100,000 if LTV is > 80%. ***Rate
may not exceed 18% at any time. No closing costs offer may be withdrawn without
notice. Property and/or flood insurance may be required. ****Please consult your
tax advisor. *****Must provide proof of purchase to qualify for rebate. One rebate per year is available.
All rates and terms quoted are subject to change.
APR=Annual Percentage Rate
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