Central Willamette Community Credit Union

Home Equity Loans

Home Equity Fixed for 5 Years

• Flexible borrowing power;
• Instant cash advance and with no minimum;
• No cash advance fee with a direct phone advance or in person;
• Property must be owner-occupied;
• Maximum credit line up to $150,000.00;
• Loan to value (total of all encumbrances) up to 80%;
• 60 month advance period with optional 60 month renewal period;
• A $50.00 annual fee will be assessed on the first business day of each year;
• The Annual Percentage Rate (APR) is fixed for the first 5 years of the account.  After that, the Periodic Rate and corresponding APR will be adjusted in accordance with the variable rate terms.  The Periodic Rate and corresponding APR are based upon an index which is the Prime Rate as published in the Wall Street Journal.  The Credit Union adds a margin to the index.  The total of the index plus the margin amount is the APR.  The APR is divided by 365 (366 if it is a leap year) to produce the daily Periodic Rate.  The APR will adjust the first day of each calendar month or when the Line of Credit cycles.   

Third party closing costs are estimated to range from $130 to $1,600.  Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%. 

Plus Line

Tap into the equity in your home and open a whole world of possibilities.

• Flexible borrowing power;
• Instant cash advance and with no minimum;
• No cash advance fee with a direct phone advance or in person;
• Property most be owner-occupied;
• Loan to value (total of all encumbrances) up to 80%;
• Competitive variable interest rate-view CURRENT LOAN RATES;
• Access as frequently as you wish, within the credit limit;
• 60 month advance period with optional 60 month renewal period; and
• A $50 annual fee will be assessed on the first business day of each year.

Third party closing costs are estimated to range from $130 to $1,600. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%.

Investor Line

Looking to improve your investment property while meeting other financial goals?

• Flexible borrowing power;
• Instant cash advance and with no minimum;
• No cash advance fee with a direct phone advance or in person;
• Maximum credit limit up to $50,000;
• Loan to value (total of all encumbrances) up to 75%;
• Competitive variable interest rate-view CURRENT LOAN RATES;
• Access as frequently as you wish, within the credit limit;
• 60 month advance period with optional 60 month renewal; and
• A $50 annual fee will be assessed on the first business day of each year.

Third party closing costs are estimated to range from $130 to $1,300. Maximum Annual Percentage Rate that may apply during the life of the loan is 21.00%.