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With a Home Equity Line of Credit


Imagine the Possibilities...

A Home Equity Line of Credit, or HELOC, offers a little more flexibility than your traditional Home Equity Loan. These loans (for Ohio owner occupied properties only) can be used for a wide variety of needs, including home repairs or improvements, debt consolidation, or even to help pay with education.

Right now earn a $200 cash bonus* with a BMI FCU HELOC!


  • HELOC rates as low as 5.000% APR1
  • Plus, no Application Fee
Important Terms of our Home Equity Line of Credit
 

Home Equity

Product Rate APR1 as low asPrint Home Equity
Home Equity Line of Credit2 5.000% 5.000%
Closed End Home Equity Loan3 6.000% 6.000%
Home Equity rates effective 6:00 am on Thursday, September 19, 2019
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.


Need Help?

We are here to help you every step of the way through the loan process.

*Mention promo code HE2019. Applications must be received between March 1 and June 30, 2019 with loan disbursed by July 31, 2019. A $200 cash bonus will be deposited into member’s account within 10 days after 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. Minimum requirements to be eligible for 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. Must carry insurance on the property. Owner occupied properties in Ohio only. 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 January 31, 2019. 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.