SPECIAL INTRODUCTORY RATE

As low as 3.75% APR* for 12 months

Current rate as low as 5.75% APR*

No Closing Costs!*

California Bear Credit Union’s Home Equity Line of Credit is back!

You’ve been asking about it and our great program is now available again. Use your home’s equity when considering home improvements, consolidating high rate debts, or to pay for your children or a grandchild’s educational needs. Check with Cal Bear Credit Union first before calling the bank. More often than not, Cal Bear Credit Union probably has a better program. Cal Bear Credit Union’s Home Equity Line of Credit may be exactly what you’re looking for.

For more information or to apply, please call Cal Bear Credit Union at 800-954-2327. One of our helpful Loan Representatives will get you started in the right direction. Use the equity you’ve built in your home and Cal Bear Credit Union can help you tap into this resource today!

* APR=Annual Percentage Rate. This special promotion is only available for a limited time, and is valid for NEW Home Equity Lines of Credit only. Not valid for refinancing a Cal Bear Credit Union loan. The introductory rate is valid for members with a minimum FICO score of 720 or above. FICO scores of 719 or less are not eligible for the special introductory rate, please call the Credit Union for other, special offers. The corresponding introductory rate based on FICO score will be valid on all advances for a period of 12 months after the open date of the Home Equity Line of Credit. The current variable WSJ Prime Rate is 4.25% APR as of August 2017 and is subject to change. One year exactly from the open date of the Home Equity Line of Credit, the variable rate will adjust to the prevailing index (the index used for this product is the WSJ Prime Rate) plus the corresponding margin as per the lowest FICO score of all borrowers at time of opening the Home Equity Line of Credit. Margins will vary and will be added to the index per the lowest FICO score of all borrowers. Your variable rate can adjust up to two times per year, on January and July, for a maximum of 2.00% annually, and has a maximum rate for the life of the loan calculated by adding 6.00% to the prevailing index plus the corresponding margin as per the lowest FICO score of all borrowers at time of opening the Home Equity Lines of Credit. Maximum APR is 18%. Adjustment periods: January 1 and July 1. If the borrower is not a Cal Bear Credit Union member, a one-time $5.00 fee is required to join the Credit Union. There is $50 annual HELOC fee. Maximum term is a seven-year draw period with a 15-year repayment term. Property must have a combined loan-to-value ratio not to exceed 80% of the appraised value up to a maximum amount of $250,000. Minimum Line of Credit amount is $10,000. Total estimated fees are $1,114.00 and will be paid by the credit union, however a 2-year termination fee will apply if the Home Equity Line of Credit is closed within 2 years. A full credit report will be pulled for decision purposes. All loans subject to approval. Rates, terms, and conditions are subject to change.