Borrow against the equity in your home
The roof is leaking. You have medical bills not covered by insurance. Your child needs money for college. These are just a few of the reasons that homeowners choose an equity line of credit. Your home is one of your most valuable assets and you can leverage that asset when you need it most. We offer access up to 89% of the value less the amount of the 1st mortgage with a variable payment plan by check or debit card.
Apply for Loan See Rates
Martin Rucker
Mortgage Loan Officer NMLS #499203
1st Mortgage
678-553-5310
mrucker@cdcfcu.com
Chandra Cole
Mortgage Loan Officer NMLS #807691
HELOC/2nd Mortgages
678-553-5407
ccole@cdcfcu.com
ELOC Features
- Variable payment plan
- Access your ELOC via credit card or check
- May be used for first and second mortgages
- Monitor your account anytime
Home Equity Loans
- Variable payment plan
- May be used for first and second mortgages
Credit Union Equity Line of Credit Disclosures
Interest Rates and Interest Charges
ANNUAL PERCENTAGE RATE (APR) for Purchases |
3.25%*
Your APR will vary with the market based on the prime rate* |
APR for Balance Transfers |
3.25%*
This APR will vary with the market based on the prime rate* |
APR for Cash Advances |
3.25%*
This APR will vary with the market based on the prime rate* |
Paying Interest
Your due date is at least 25-days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances and balance transfers on the transaction date.
Federal Reserve Board Credit Card Tips
To learn more about factors to consider when applying for or using a credit card, visit http://www.federalreserve.gov/creditcard.
Fees
Transaction Fees
Balance Transfer Fee |
None |
Cash Advance Fee |
None |
Penalty Fees
Late Payment Fee |
4% of minimum payment not to exceed $25 |
Over-the-Credit Limit Fee |
None |
Returned Payment Fee |
$26 |
Miscellaneous Fees
Lost or Stolen Card Replacement |
None |
Statement Copy Fee |
$5 |
How we will calculate Your Balance
We will use a method called “average daily balance (including new purchases”). See your account agreement for more details.
Billing Rights
Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.