Put your plans into action with our budget-friendly rates.
You're ready to launch into your project, whether you're remodeling your home, consolidating debt or checking off anything else on your big-picture to-do list. The key to affordable financing could be in your home's increased value. Access that equity with one of our HELOCs and do something special.
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Home Equity Loan
|
CLTVB
|
Rate
|
APR5
|
Monthly Payment
|
|---|---|---|---|---|
| Closed-end 2nd 7/6 mo. ARM | Up to 80% | 7.500% | 8.025% | $210.00 |
| Closed-end 2nd 7/6 mo. ARM | 80% - 90% | 8.000% | 8.738% | $220.00 |
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HELOC
|
HCLTVC
|
APR6 As Low As
|
|---|---|---|
| Home Equity Line of Credit (HELOC) | Up to 80% | 7.500% |
| Home Equity Line of Credit (HELOC) | Over 80% | 8.500% |
5) Interest rate and APR are subject to change without notice and published rates do not constitute a loan offer. APR = Annual Percentage Rate - The rate that reflects the actual, annual cost of the loan and includes the loan interest rate, private mortgage insurance (PMI), discount points, and some fees. HCLTV = Home Equity Combined-Loan-To-Value - The sum of the loan amount of the first mortgage, the full amount of any HELOCs (whether or not funds have been drawn), and the unpaid principal balance of any closed-end financing against a property compared against that property's total value. The listed payment examples reflect a monthly payment of principal and interest only and your actual payment may be higher. Your actual rate and payment may be different, and will be based on your mortgage application and is subject to review for qualification. Your actual loan amount, finance charges, and credit history are some examples of information from the mortgage application that can impact your actual rate and payment. Rates and payments are based upon a loan amount of $30,000.00 for a single-family, owner-occupied home, assumes a respective combined-loan-to-value either up to 80% or between 80% to 90%, and a representative credit score of 750+. Your actual APR will be based upon your final loan amount and applicable costs. All loans are subject to credit approval and membership eligibility.
6) APR=Annual Percentage Rate. APR is variable and based on Prime Rate as published in the Money Rates table of the online edition of the Wall Street Journal, plus a margin. Rates shown are for borrowers with 750+ credit score. CLTV = The sum of any outstanding liens against a property compared against that properties total value. Your actual rate will vary based on your credit application. Rates are subject to change without notice. The maximum interest rate of 18% may be imposed in a variable-rate plan. Closing costs may apply and vary based upon the requested loan amount. Minimum monthly payment is equal to 1% of the outstanding balance. Vacant Land does not qualify. Property insurance is required. All loans are subject to credit approval and membership eligibility.
B) CLTV= Combined-Loan-To-Value - The sum of any outstanding liens against a property compared against that property's total value.
C) HCLTV = Home Equity Combined Loan-to-Value - the sum of the loan amount of the first mortgage, the full amount of any HELOCs (whether or not funds have been drawn), and the unpaid principal balance of any closed-end subordinate financing compared against the property's total value.
WESTconsin Credit Union serves members in Wisconsin and in Minnesota. Find a location near you.
