Waterfront Federal Credit Union - Home Equity Line of Credit

...there's a HELOC for that!

Your home can offer you so much more

A Waterfront home equity loan can be used for a number of things:

College education
Home remodeling
Loan consolidation
Big ticket items
Vacation

And you can expect:

A speedy and easy loan approval process
Very competitive rates and fees
Up to 15 year terms
Variable interest rate
Variable Payment
Maximum 80% loan to value
The interest may be tax deductible (consult your tax advisor)

* APR = Annual Percentage Rate. Rates are subject to change. Rates and maximum loan terms are dependent on credit qualifications and loan-to-value (LTV) percentage. Rates listed are the lowest available. The Index will be the Wall Street Journal Prime Rate. The Margin will be based on the borrower’s credit score and the LTV. Home Equity or real estate secured loans are limited to properties located in the States of Washington and Oregon. Your actual rate is based on previous credit performance. Lowest rate shown is for well-qualified borrowers. The Floor Rate (or Minimum Rate) will be 3.25% APR. Changes to the interest rate are effective on the 1st day of February and August if applicable. This HELOC program will have a Draw Period of 5 years and a Repayment Period is the remaining term of your loan as disclosed when your Line of Credit was established. The Draw Period is the time in which the borrower can take advances on their Line of Credit. During the Repayment Period the borrower cannot take advances on their Line of Credit. The minimum monthly payment will be established at the time of each advance (other than credit insurance premiums) to the amount necessary to fully amortize the account balance no later than the agreement maturity date. A late fee will be assessed if the payment if more than 10 days late. The late fee will be the greater of 5% of the payment or $15, whichever is greater.