Home Equity Line of Credit

Do you have $10,000 sitting in your attic? Maybe you do. AODFCU is offering home equity lines of credit with a 2.9% APR* introductory rate for up to 6 months. Plus, AODFCU will pay your closing costs if you maintain a balance of $10,000 or more for the first year. Put that money in the attic to work for you now.

 

 

 

*APR = annual percentage rate. Subject to credit approval. Some restrictions and conditions may apply. Rates and promotional terms subject to change without notice. Please consult your tax advisor regarding the deductibility of interest. Please see a member service representative for current rates and details. The introductory rate of 2.9% APR is for the first six months. Thereafter, the APR will vary based on the prime rate 3.25% as of 5/1/2009, as published in the Wall Street Journal, plus or minus a margin based on credit worthiness. The maximum APR will not exceed 18%. Closing costs can range from $700 to $1,200. Closing costs will be paid by the Credit Union if the initial advance at closing is $10,000 or more, and a principal balance of $10,000 or more is outstanding for the first year. Otherwise, you will be required to reimburse the Credit Union for closing costs.