A unique solution for those with established equity.
Refinance the remaining balance on your first mortgage for a lower rate and access the equity you’ve built in your home through a line of credit.
- An introductory rate of 3.99%APR for six (6) months1
- Then converts to:
- 5.50%APR1 (Prime+0% up to $49,999; Prime currently at 5.50%)
- 5.25%APR1 (Prime-.25% $50,000 and up; Prime currently at 5.50%)
There no annual or inactivity fees, along with these additional features:
- 10-year draw period; no initial draw requirement
- Convenient access through Online/Mobile Banking, HELOC checks, and in-person
- Tax deductible2
Turn your equity into cash and refinance into something more flexible.Apply now!
GECU membership is required to take advantage of this offer. 1Equity Rich Line of Credit (ERLOC): Offer is limited to owner-occupied, single-family property located in Ohio, Kentucky, and Indiana. APR = Annual Percentage Rate. 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 3.99% for six (6) months 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 12.50%). $50,000 and up has an introductory rate of 3.99% for six (6) months 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 12.25%). The Prime Rate is from the Wall Street Journal and is currently 5.50%, as of 12/21/18. There is no annual fee. The minimum finance amount is $10,000. 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.
2Tax Deductible: Contact a tax advisor on deductibility of interest.
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