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 Clearview Federal Credit Union is excited to announce that it has dropped its Home Equity rates even lower. Your
home is a major investment with significant value that gives you buying power. Unlock your home’s financial value with one of Clearview’s Home Equity
Products.*
Lower Rates
Clearview’s variable rate Home Equity Line of Credit now
has rates as low as 3.99% APR**. Our HELOC gives you
available credit when you need it. Just write a check to
access the money you need. You pay interest only on the
amount you actually borrow.
Our Home Equity loan has
rates as low as 4.50% Annual Percentage Rate** and
is a fixed rate loan that lets you borrow up to a maximum of 90% Loan-to-Value
with terms up to 20 years. You get a fixed rate, term and payment. You can usually
deduct the interest, too!1 It’s a great option if you need a lump
sum now.
Special Bonuses!
In addition to our low interest rates, closing cost rebates are available up
to $500.2 Also, receive a $25 gift card to The Home Depot®
at loan closing PLUS a chance to win a gift card to The Home Depot® worth
$1,500!3
How To Apply
To apply for a Clearview Home Equity product, call our Loan Line at 1-877-4-LOAN-40.
You can also apply at any Clearview office. Hurry, this offer ends June 30, 2005!
There couldn’t be a better time to unlock your home’s financial value.
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Clearview FCU is not
affiliated with The Home Depot.® The Home Depot® is a
registered trademark of Homer TLC, Inc. |
| * |
Eligible houses must be
permanently attached to a foundation, mobile homes are excluded from this
offer. Maximum debt-to-income ratio is 35%. Maximum Loan-to-Value ratio is 90%.
This offer is contingent upon Clearview FCU filing a first or second lien on
the property. |
| ** |
APR=Annual
Percentage Rate. The introductory Home Equity Line of Credit 3.99% APR
is for the first 12 months beginning on the day of loan closing and is based on
a 20-year
term at 80% loan-to-value. After the introductory rate period, the APR will be
indexed to
the Prime rate + 0%. The index used to determine the interest rate will be the
Prime Rate found in the Money Rates Section of the “Wall Street Journal”
published on the first working day of the month. The APR will then be adjusted
on the first of the following month. Minimum credit limit is $10,000. Rates
effective as of April 15, 2005. Other rates and terms are available. All rates
are subject to change without notice. All loan approvals are subject to
specific underwriting procedures. Rate includes .25% discount with automatic
payment except HELOCs. |
| 1 |
Consult your tax advisor
regarding interest deductibility. |
| 2 |
The closing costs rebate
offer ends June 30, 2005. Closing cost amount will be rebated after you finance
a minimum $10,000 in a new Home Equity Loan, add a minimum of $5,000 to the
balance of an existing Credit Union Home Equity Loan or after a minimum $5,000
initial HELOC advance is made. If the initial advance is paid off and/or the
line is closed within six months of origination, the rebate must be reimbursed
to the Credit Union. |
| 3 |
No purchase necessary to
win. Contest void where prohibited. Winner will be randomly drawn in July 2005.
Visit our Website for complete rules. |
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