Home Equity Line of Credit
Unlock your home's equity with an O Bee Credit Union's Home Equity Line of Credit.
With enhanced new features and benefits, it may be the last loan you'll ever need.
- Starting at a variable rate* of 6.99% APR**, OAC***
- Up to 90% Loan-to-Value
- Maximum term 25 years
- Interest only payments available during draw period
- Fixed rate lock in features, terms up to 15 years & rates starting at 6.375% for 3 years, OAC*** ( subject to change daily )
- No Annual Fee
- Access your line conveniently using the OBCU Visa Debit card, life time supply of free checks, Home Banking, Teller Phone,
CU Shared Branching Location, or an OBCU branch nearest you
- Minimal closing costs, fees may be added to the line of credit
- No prepayment penalty
- Automatic payment options available to make your life easier
- Tax Deductibility; You should consult a tax advisor regarding the deductibility
- No Hassle Automatic Limit Increases up to $25,000 with no additional fees!
Home must be owner occupied and located in Washington State. Non-owner occupied lines of credit granted up to 60% loan-to-value,
adding 1.00% to initial interest rate and .25% loan origination fee. Property must be located in Washington State and hazard insurance is required.
* Annual percentage rate (APR) for a fixed rate portion of O Bee's Home
Equity Line of Credit with a 15 year term, effective on date of loan
origination. Other terms available. O Bee's Home Equity Line of Credit
variable rate currently is as low as 6.99% depending on credit profile,
adjusted on an annual basis. Maximum rate is 7% over initial rate or 18%,
whichever is less. Estimated total closing costs/fees to open account based
on tax assessed value are $105.00. Interest may be tax deductible (consult
your tax advisor). Other restrictions may apply. Equal Housing Lender.
**APR = Annual Percentage Rate
***OAC = On Approved Credit
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