Your home is one of the most valuable assets you own and it has likely increased in value over the years. You can turn this increased value – the equity – you have built up in your home into the cash you need with a Home Equity Line of Credit (HELOC) from Atlanta Postal Credit Union.
Enjoy a low, low competitive rate
At APCU, HELOC rates are going down so get ready to cash in on the equity you have earned with a Home Equity Line of Credit from your credit union. Effective January 1, 2008, APCU will adjust its financing rate on all HELOCs to ¼% APR below our index — the Prime Rate. Now you’ll enjoy even greater savings when financing your important purchases using your APCU Home Equity Line of Credit.
Money is there when you need it
Put your equity to work to pay off bills, purchase a new-to-you car, pay tuition, make travel plans, remodel or add a room to your home. Your HELOC offers you a perfect way to consolidate expenses and reduce the interest you pay. The result: more of your hard-earned money stays where it belongs – in your pocket.
Interest you pay may be tax deductible
Many open-ended credit cards and loans charge rates of 17% or more. Our rate offers you a substantial savings opportunity. Rates can fluctuate, so call for our most current rates. An APCU Home Equity Line of Credit may allow you to deduct up to 100% of the interest you pay*.
Easy access to your funds
No matter what you need, your Home Equity Line of Credit can be used over and over. There is no need to call or make a trip to the credit union to draw funds from your HELOC. We’ll provide you with a Visa® Platinum Card attached directly to your line of credit. Use the card at ATMs, financial institutions and merchants displaying the Visa logo. We will send you a complimentary set of HELOC Convenience Checks you can use to make the payments and purchases you desire.
Call our Real Estate Department at (770) 921-7091 or toll-free at (800) 849-8436. We’ll be glad to discuss this exciting program with you. Don’t wait. Apply today!
Atlanta Postal Credit Union’s Home Equity Line of Credit is offered through Atlanta Postal Credit Union. Customary closing costs related to this loan are paid by the credit union. As of 10/31/07, the variable Annual Percentage Rate (APR) for Visa Home Equity Lines of Credit was 7.75%. This interest rate is subject to change, but will not exceed 16% APR. Consult your tax advisor regarding the deductibility of interest. Property insurance is required. Some additional restrictions may apply.