1Hybrid Home Equity Line of Credit (HELOC) allows a member to create up to five (5) fixed loan segments with a minimum of at least $5,000 for each loan segment. Up to $100,000 can be in a fixed-rate segment. Fixed terms will be based on the existing rate of the HELOC. The fee structure remains the same as the regular HELOC initial loan application. There is a $25 fee to set-up each segment. For qualified borrowers only. Contact Park View for full details.
2No closing costs, excluding appraisal fee and Title Insurance if required, for a new Home Equity Line of Credit (HELOC) or Hybrid HELOC. If the total interest paid over the life of the loan, including the draw and repayment periods, is less than the original closing costs, you will be required to reimburse the Credit Union for closing costs paid on your behalf. We estimate closing costs to range between $350.00 to $500.00. All loans subject to credit approval. Minimum line amount is $5,000. The Annual Percentage Rate (APR) is based on The Wall Street Journal prime rate, plus or minus the margin. Maximum APR, by law, is 18.00%, minimum is 3.25%. Prime rate as of 11.3.2022 is 7.00% APR. Loan-to-value limits apply. Property insurance is required.
3Consult with a tax advisor to determine if you are eligible.