Home Equity Line of Credit
Your Home is Your Most Powerful Asset! With a Home Equity Line of Credit from SUN credit union, you can take advantage of the equity in your home to:
- Make home improvements or repairs
- Consolidate debt
- Pay for college tuition
- Make the fun purchases in life: vacations, cars, and boats!
Don’t wait! This rate won’t last for long.
HOME EQUITY LINE OF CREDIT- LTV UP TO 80%
|TERM||INTRO RATE 12 MONTHS||APR AS LOW AS*|
|5 year draw/10 year repayment period||1.95%||3.50%|
Special Introductory HELOC Rate of 1.95% valid for 12 months.
Principle and Interest HELOC
*Home equity lines of credit are adjustable rate loans based upon the Prime Rate plus or minus a margin, which varies depending on loan-to-value and creditworthiness up to the time of closing. Prime today is 3.25%. The annual rate cap is 2% with a maximum Annual Percentage Rate (APR) of 18% and floor rate of 3.5% APR over the life of the loan. Term is 15 years, the first 5 years you may draw against your credit line, during the final 10 years you may not draw against your credit line. Annual Percentage Rate (APR) and maximum loan amount is determined by property type, credit score, and loan-to-value (LTV).