1) APR = Annual Percentage Rate. Promotion is valid from 05/01/2018 until 5/31/2018. Rates as of 05/01/18. Introductory rate is fixed for the first 12 months and includes a 0.25% relationship discount for automatic payments from PSFCU checking account. Without automatic payment from the PSFCU Checking Account the rate will be 2.74% APR. After one year, the interest rate will change to an adjustable rate based on the Prime Rate as published in the Wall Street Journal. The Rate Index is adjusted on the first day of each month. Standard HELOC APR as of 5/1/2018 is 4.25%. Maximum lifetime APR is 14.99%. If loan is paid off and closed prior to 3 years (36 months) from origination, member must reimburse the credit union all closing costs which may be up to $1,300. The term of loan is 25 years. The minimum of the loan is $10,000 and the maximum is $250,000. Home Equity Lines of Credit are subject to application, credit approval and loan–to-value requirements. Other restrictions and limitations apply. Membership required to borrow. A Home Equity Lines of Credit is available for owner-occupied 1-4 family residential properties, including condominiums. Products are not available in all states. Home Equity accounts are secured by a mortgage on your primary residence. Products and rates are subject to change without the notice. Please contact PSFCU employees for complete details. 2) New York residents will have to pay applicable mortgage taxes, which may be made with an advance on your line of credit. Florida residents will have to pay applicable documentary stamps, which may be made with an advance on your line of credit.
*APY = Annual Percentage Yield as of 04/06/2018. Offer valid from 04/06/2018 through 05/31/2018. PSFCU reserves the right to end the promotion prior to 05/31/2018. Offer applies to personal and business terms shares. Minimum term share deposit amount is $500. Deposit limit is $50,000 per PSFCU member or business entity. Premature withdrawal may result in assesment of penalty fees which will reduce interest gains. There is no limit on number of term share certificates per member or business entity provided that deposit limit is not exceeded. Term shares are not subject to automatic renewal. Other restrictions may apply.
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