Home Equity Line of Credit
Enjoy flexible access to funds when you need it!
Establishing a Home Equity Line of Credit (HELOC) gives you access to funds when you need it and can be used to help with home improvement projects, make large purchases, or even consolidate high-interest debt. And, we’re currently offering a great special!
- An introductory rate of 2.99%APR1 (locked in through December 31, 2017)1
- Then converts to 3.75%APR1 (Prime+0% up to $49,999 or Prime-.25% $50,000 and up)1
Experience great features.
- No annual or inactivity fees; no closing costs1
- 10-year draw period; no initial draw requirement
- Convenient access through Online/Mobile Banking, HELOC checks, and in-person
- Tax deductible2
Enjoy the flexibility of a GECU Home Equity Line of Credit.
GECU membership is required to take advantage of this offer. 1Home Equity Line of Credit (HELOC): Offer is limited to owner-occupied, single-family property located in Ohio, Kentucky, and Indiana. APR = Annual Percentage Rate. Rates listed as of published date (January 1, 2017). For qualified borrowers only. New money and refinances from other financial institutions only. Offer is subject to change at any time. Line of credit up to $49,999 has an introductory rate of 2.99% through December 31, 2017 and then converts to a rate of Prime - 0%; the rate is subject to adjustment on the first day of each calendar quarter to Prime + 0% (subject to program minimum APR of 3.75% after the introductory period; the maximum APR for this loan plan is 9.99%). $50,000 and up has an introductory rate of 2.99% through December 31, 2017 and then converts to a rate of Prime - .25%; the rate is subject to adjustment on the first day of each calendar quarter to Prime - .25% (subject to program minimum APR of 3.75% after the introductory period; the maximum APR for this loan plan is 9.99%). The Prime Rate is from the Wall Street Journal and is currently 3.75%. There is no annual fee. The minimum finance amount is $10,000. Standard closing costs are generally waived, however, any closing costs charged will increase the APR. The loan must be for a primary residence only. Maximum 80% loan to value (LTV). Property insurance required to open plan. GECU is an Equal Opportunity Lender. GECU NMLS #449875.
2Tax Deductible: Contact a tax advisor on deductibility of interest.