Home Equity Line of Credit 

Intro Rate: 2.99% APR* for 12 months

Whatever your financing needs, a SharePoint Home Equity Line of Credit (HELOC) offers you easy access to competitive funds with convenient payment options. Act now and you will benefit from an introductory rate of 2.99%APR* for 12 months, thereafter, a low, variable rate, currently 4.00%APR.

Benefit from:

• Payments based on the amount borrowed

• Quick and easy access to funds when you need them

• 7 year revolving line of credit

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*APR= Annual Percentage Rate. Subject to approval. Promotional rates available for HELOCs under 80% Loan-To-Value. Promotional rate will be 2.99%for first 12 months. Rate will change to the market rate, with a floor of 4%, on the 1st day of the month after a full 12 months. Offer effective 9/10/2020 -1/31/2021. All posted rates are as low as and may vary, subject to your credit history. Additional loan rates and terms are available. Home Equity Line of Credit (HELOC) has a variable rate indexed to the Prime Rate as published by the Wall Street Journal plus a set Margin. A HELOC with a Loan to Value (LTV) of 80% or less does not have a Margin added to the Prime Rate. A HELOC with a LTV greater than 80% will have a Margin of 3.00% APR added to the Prime Rate. A HELOC will never go below 4.00% APR and will not exceed 18.00% APR and will never exceed the highest allowable rate for this type of agreement as determined by applicable state or federal law. A HELOC has a seven-year draw period with a ten-year repayment period. Property must be the primary residence or a non-investment second/vacation home. Home Equity Loan and Credit Lines may only be written for homes in MN and WI. Closing costs will vary based on loan amount, appraisal requirement, geographic location, and title examination findings. For loan amounts of $25,000 to $150,000, costs will typically range from $816 to $1,116 including an appraisal if one is required. Property insurance required for Home Equity Loans and Credit Lines. Subject to credit approval and require income verification. Rates and terms are subject to change. Cannot be combined with any other offer. SharePoint is an equal housing lender. NMLS# 527701. Contact a SharePoint Credit Union Representative for details. Offer ends 1/31/2021 and subject to change without notice.