Take advantage now and get this special offer for a Home Equity Line of Credit.
4.25% APR*
Introductory rate for 12 months
No Closing Costs
We Pay Them For You
Did you know that a Home Equity Line of Credit can be used for more than just home renovations? It’s true!
You can use your Home Equity Line of Credit for things like:
Debt Consolidation
Tuition
Renovations
Vacations & so much more
All with a lower rate than your traditional personal loan.
**Must be eligible for membership with GMFCU. Must qualify for loan based on credit worthiness. Introductory rate is applicable for first 12 months of loan. Rate is subject to change and is subject to credit qualifications. No additional discounts. Had there not been a rate discount, the applicable rate would have been 8.50% – 10.00% (based on Prime as of July 26, 2023) depending on credit. The maximum payback period for the loan is 240 months. The maximum draw period is 120 months. After the Introductory Period, the APR may adjust semi-annually in the months of January and July during the life of the loan based on the Prime Rate published in The Wall Street Journal, plus a margin that is based on credit worthiness. Maximum APR is 18.00%. After the introductory period the minimum APR is 5.00%. If loan is paid off and closed within 36 months from opening of loan, member must reimburse the credit union for fees paid. These are currently estimated at $1,300.00-$2,000.00.Minimum advance of $5,000.00 is required at loan closing. Cannot be combined with any other offer. Properties must be located in Missouri or Illinois to qualify for HELOC.