Earn $150 With A Home Equity Loan in 2016

Obtain a BMI Federal Credit Union® Home Equity Loan or Home Equity Line of Credit and receive a $150* cash bonus!

With Home Equity Loan rates as low as 5.750% APR1, and Home Equity Line of Credit rates as low as 4.750% APR1, now is the best time to speak to one of our Loan Officers to see what loan option is right for you! Plus, there are no application fees!


2016 Home Equity Loan

Product Rate APR1 as low asPrint Home Equity
Home Equity Line of Credit2 4.750% 4.750%
Closed End Home Equity Loan3 5.750% 5.750%
Rates effective 9:00 am on Thursday, March 22, 2018
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
2 Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, APR may change quarterly. Maximum APR is 18.00%. Minimum APR is 3.00%. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
3 Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest.
IMPORTANT TERMS OF OUR HOME EQUITY LINE OF CREDIT



*Mention promo code HE2016. Applications must be received between April 1 and July 31, 2016 with loan disbursed by August 31, 2016. A $150 cash bonus will be deposited into member's account within 10 days of loan disbursement.Cash bonus may be considered income and reported on 1099 MISC or 1099 INT. Existing BMI FCU loans are not eligible for this offer. Must carry insurance on the property. Owner occupied properties in Ohio only. Minimum requirements to be eligible for $150 cash bonus: minimum credit limit of $5,000, initial draw of $5,000, and automatic loan payment from a BMI FCU savings or checking account. Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, APR may change quarterly. Maximum APR is 18.00%. Minimum APR is 3.00%. +APR = Annual Percentage Rate. Rate as of April 1, 2016. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. Membership eligibility requirements apply. Equal Housing Lender