Speak with a representative for more information. Closing costs vary and generally range around $1,500 to $1,800 for a $50,000 line of credit. Application fee of $350 will be refunded after settlement. During the repayment period, the minimum monthly payment is established on the first day of the repayment period or change in interest rate in an amount necessary to fully amortize your outstanding balance over 10 years. The length of the repayment period depends on the outstanding balance at the start of the repayment period and may not exceed 10 years. After the 10 year draw period, you can no longer obtain credit advances and must repay the outstanding balance. If you choose a Standard HELOC, the minimum monthly payment is $100, or $8.99 for every $1,000 borrowed at 2.49% APR, or $13.92 for every $1,000 borrowed at the current Prime Rate of 8.50% APR, whichever is greater. The minimum payment will not repay principal resulting in an increase of your payment at the end of the draw period. For every $1,000 borrowed at the current Prime Rate of 8.50% APR your minimum payment will be $6.98 monthly if you choose to pay only the interest. For every $1,000 borrowed at 2.49% APR your minimum payment will be $2.05 monthly if you choose to pay only the interest. With an Interest Only HELOC, you may choose to pay only the interest on the money you borrow for 10 years from the date the loan is established (“draw period”). Standard (principal and interest) or Interest Only HELOCs available. Borrow up to 80% loan-to-value or $250,000 maximum. The floor rate is 3.50% APR and the ceiling is 5.00% APR above the Prime Rate at the time of your application. Home Equity Line of Credit: The introductory rate of 2.49% APR is fixed for the first 12 months, after which the rate will adjust annually on the anniversary date of the line of credit to the current Prime Rate published in the Wall Street Journal. Home Equity Loan: Borrow up to 100% Loan-to-Value or $250,000 maximum. Credit qualifications and approval are required. Rates, terms, and conditions are subject to change without notice. Interest Only Line of Credit (introductory rate)ĪPR=Annual Percentage Rate. Standard Line of Credit (introductory rate) Properties must be a primary residence located in Maryland, Pennsylvania or Delaware. Choose to pay only the interest on the money you borrow for up to 10 years.Borrow up to 80% of your home's equity or $250,000 maximumĪn interest-only home equity line of credit (Interest-Only HELOC) lets you maximize your home's equity while keeping your payments even lower with more flexibility.Low monthly payments make this a great way to maximize the investment in your home. Borrow up to 100% of your home’s equity or $250,000 maximumĪ variable-rate home equity line of credit (HELOC) is a flexible way to draw on your home’s equity for virtually any use.No hassle Direct Payment - no reimbursement formsĪsk a Point Breeze representative or call 410.584.7228 for details.A fixed-rate home equity loan lets you borrow against your home’s equity and repay it with low, predictable monthly payments. Prices much lower than the manufacturer's extended warranty!.You must have one month or 1,000 miles on your manufacturer's warranty. If you already purchased your vehicle, you may still be eligible. When financing your next new or used vehicle, consider purchasing an Extended Warranty from Point Breeze Credit Union. GAP Advantage costs only $409 for Point Breeze members with a Point Breeze auto loan! Ask a Point Breeze representative or call 410.584.7228 for details. GAP is a low-cost program which can pay off your remaining loan balance should your vehicle be stolen or declared a total loss. Protect your vehicle's value with Guaranteed Asset Protection (GAP). This coverage is not sold or guaranteed by your credit union. If you receive a suspicious text message or email claiming to be from Point Breeze Credit Union, don’t respond, click on any links, or open attachments and contact us immediately at 410.584.7228. The insurance offered is not a deposit and is not federally insured. However, we will NEVER ask for your username, password, credit or debit card number, PIN, or security code. Discounts are not available in all states and discounts vary by state. TruStage® Auto Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Over 17 million people have selected TruStage for AD&D, life, auto & home insurance and more. TruStage is part of a heritage of faithful service to credit union members spanning more than 80 years.
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