Summer 2007:
Got Dreams? We Help Make Them Come True!
Whatever your dreams – a summer vacation, college tuition, home renovations or debt
consolidation – a Community 1 FCU Home Equity Line of Credit can make them take
flight! With our low interest rates, this loan is an affordable way to finance your
dreams. And we provide member service that no one can match!
Flexibility & Tax Savings!
A Home Equity Line of Credit is a good solution when you want the flexibility to
borrow money as you need it – you draw against your home’s equity without dipping
into your savings or other investments. You can borrow as much as 95% of your home’s
value, up to $200,000. Best of all, the interest on your loan could be tax-deductible!**
1 Is All You Need!
Community 1 FCU members can make borrowing decisions with confidence. We
offer a full range of home financial products to suit your needs and your pocketbook!
When you want to put your home’s equity to work for you, come to Community 1 for
great rates, low fees and high-quality service!
Applying Is Easy!
Apply online, call us, or stop by your nearest branch office
for more information. If you need a decision within a short period of time, we offer
Approvals Plus for a right-away loan response. Apply today!
*APR=Annual Percentage Rate. APR for the Home Equity
Line of Credit is variable and will be based on an Index equal to or greater than
the Prime Rate, as published in the Wall Street Journal, Eastern Edition, under
the heading Money Rates, and shown as the "Prime Rate" or similar language used
by the Journal. You will receive an interest rate of Prime if your loan-to-value
is 50% or less. You will receive a rate of Prime + 1.00% if your loan-to-value is
between 51% and 80%, and a rate of Prime + 2.00% if your loan-tovalue is between
81% and 95%. Offer is available to homes located in South Carolina, and to qualified
borrowers with a minimum beacon score of 650. Not all applicants will qualify. Financing
is available for up to a maximum of 95% of the home's appraised value, minus any
existing mortgages. Appraisal fee will be paid at the time of application. A minimum
credit advance of $10,000 is required for Community 1 FCU to pay applicant's closing
fees. For a credit line of $25,000 or more, Community 1 will pay appraisal costs.
If credit line is closed within 12 months of the closing date, the borrower will
be charged the closing fees.
**Consult your tax advisor regarding deductibility of loan interest.