2014 Home Equity Loan or Line of Credit


Obtain a BMI Federal Credit Union® Home Equity Loan or Home Equity Line of Credit and receive a 200 gift card* for The Home Depot!

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!


2014 Home Equity Loan or Line of Credit

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

*Applications must be received between June 1 and September 30, 2014 with loan disbursed by October 31, 2014. Minimum requirements to be eligible for $200 Home Depot Gift Card: For Home Equity Loan - minimum loan amount of $5,000 and automatic loan payment from a BMI FCU savings or checking account. For Home Equity Line of Credit - minimum credit limit of $5,000, initial draw of $1,000, and automatic loan payment from a BMI FCU savings or checking account. Home Depot gift card will be mailed within 30 days of loan disbursement. Gift card 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. Consult your tax advisor regarding the deductibility of interest. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval. BMI Federal Credit Union is not affiliated with The Home Depot®. The Home Depot® is a registered trademark of Homer TLC, Inc. The Home Depot® is not a sponsor of this promotion.