Lower your high rates and monthly payments by consolidating into a Home Equity Line-of-Credit!
FEATURES OF A HOME EQUITY
- Low, Fixed Intro Rate—for 6-months
- Variable Rate Thereafter—based on Prime Rate
- Draw Period—seven years
- No Closing Costs
*APR is annual percentage rate. Loan is subject to credit approval. Rate is non-variable for first six (6) months. At end of introductory period, rate will convert to variable and will be Prime Rate + 1% with a floor rate of 4%. Maximum rate is 18%. Your variable rate may change when the Prime Rate changes. The variable rate will be determined by adding 1% to the highest U.S. Prime Rate published in The Wall Street Journal “Money Rates” table. The rate is effective on the first day of the billing cycle. Minimum loan amount of $10,000 required. Monthly minimum payment: 1% of the principle balance outstanding on the last day of the billing cycle or $50.00, whichever is greater. Loans of $100,000 or greater will receive a rate of Prime with no floor and a minimum payment of interest only. Notre Dame Federal Credit Union will pay up to $500 in closing costs associated with a home equity line-of-credit. These costs may include appraisal, flood certification, title search and filing fees. If this loan is paid and closed within 36 months from the date of the initial closing, the member will be obligated to pay a $300 early termination fee. Contact a Notre Dame FCU Representative for further details. Equal Housing Lender. NMLS #405299.