Homework: use your home equity
You'll save money with an introductory rate of 2.99% APR1 for the first 12 months, and a low variable rate thereafter. Here are some other great features of our Home Equity Line of Credit:
- Financing options up to 90% of your home's appraised value2
- Possible tax benefits3
Call a Mortgage Loan Specialist
301.779.8500 ext. 4045
1Loans subject to credit qualifications and approval. The Home Equity Line of Credit offers an introductory rate of 2.99% Annual Percentage Rate (APR) for the first 12 months. Rate thereafter is a variable rate based on The Wall Street Journal Prime Rate plus/minus a margin, adjusted quarterly. The Annual Percentage Rate (APR) for this variable rate product is based upon The Wall Street Journal Prime Rate rounded to the nearest 1/4%(Index), plus the applicable margin. Rate Changes: The Annual Percentage rate can change quarterly on the first day of January, April, July and October after the expiration of any discount period. The rate cannot increase or decrease more than one percentage point at each adjustment; this limitation does not apply to the adjustment occurring after a discount period expires. The maximum Annual Percentage Rate that can apply is 12% or the maximum permitted by law, whichever is less. However, under no circumstances will your Annual Percentage Rate go below 3.50% any time during the term of the plan unless it is during a discount period.
2 Loans subject to credit qualifications and approval. All applicants must meet membership eligibility requirements. Rates subject to change without notice. Some restrictions may apply to loan to value financing amount. Property insurance is required.
3 Consult your tax advisor to determine whether the interest is tax deductible. Some restrictions may apply.