Issue link: https://read.dmtmag.com/i/287250
April 2014 | brAvAmAgAzine.com 1 savings! Save money on your next do-it-yourself project with a Home Equity Line of Credit from Summit Credit Union. We make it easy to borrow what you need, when you need it and you'll get these extra perks: • Low closing costs 1 • Potential for tax-deductible interest 2 • No annual fee or prepayment penalties • Easy transfers using Online Branch • Borrow up to 90% of your home's equity Apply online at SummitCreditUnion.com, at any Summit Branch or call 608-243-5000 or 800-236-5560. *APR is Annual Percentage Rate. After the six-month introductory period the rate will revert to the floor rate of 4.00% or the Prime Rate as published in the Wall Street Journal plus or minus a margin, whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of 2/17/14 the variable rate without the discount would be 4.00% APR (floor). The APR will not vary above 15% APR nor below 4.00% APR. Prime rate as of 2/15/14 is 3.25%. Maximum LTV is 90%. Property insurance is required. Offer only applies to new Home Equity Lines of Credit opened on or after 2/17/14. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Offer is subject to change without notice. 1 Closing costs range from $215 to $305, unless an appraisal is required. Appraisal, if required, is an additional charge of typically $385 to $470. 2 Consult your tax advisor regarding deductibility of interest. First 6 months Variable rate after Home equity line of credit 1.99% APR* 4.00% APR* savings! Save money on your next do-it-yourself project with a Home Equity Line of Credit from Summit Credit Union. We make it easy to borrow what you need, when you need it and you'll get these extra perks: • Low closing costs 1 • Potential for tax-deductible interest 2 • No annual fee or prepayment penalties • Easy transfers using Online Branch • Borrow up to 90% of your home's equity Apply online at SummitCreditUnion.com, at any Summit Branch or call 608-243-5000 or 800-236-5560. *APR is Annual Percentage Rate. After the six-month introductory period the rate will revert to the floor rate of 4.00% or the Prime Rate as published in the Wall Street Journal plus or minus a margin, whichever is higher. Your actual rate will be based upon your credit worthiness and loan-to-value. As of 2/17/14 the variable rate without the discount would be 4.00% APR (floor). The APR will not vary above 15% APR nor below 4.00% APR. Prime rate as of 2/15/14 is 3.25%. Maximum LTV is 90%. Property insurance is required. Offer only applies to new Home Equity Lines of Credit opened on or after 2/17/14. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Offer is subject to change without notice. 1 Closing costs range from $215 to $305, unless an appraisal is required. Appraisal, if required, is an additional charge of typically $385 to $470. 2 Consult your tax advisor regarding deductibility of interest. First 6 months Variable rate after Home equity line of credit 1.99% APR* 4.00% APR*