Get a low introductory rate for your Home Equity Line of Credit
Enjoy a low introductory fixed rate of only 1.99% APR for the first 12 months, as low as 4.75% thereafter.
Make your home investment work for you. With a home equity line of credit from CommonWealth, you can borrow any amount, at any time, for any purpose, up to the maximum of your credit line. It's the easy and affordable way to repair or remodel your home, help pay for college expenses or a wedding, purchase a big-ticket item, or consolidate debts and lower your monthly payments.
Special Offer: Act now and enjoy a low introductory fixed rate of only 1.99% APR for the first 12 months, as low as 4.75% thereafter. Hurry, this is a limited time offer!
Borrow up to 80 percent of the equity in your property.
Lines from $10,000 to $500,000.
Stretch out your payments with a 10 year draw and a 20 year repayment period.
Low interest-only payment options.
Get easy access to funds with free, unlimited convenience checks and handy Online Banking.
Low variable rate based on the Wall Street Journal Prime Rate.
With CommonWealth, there are no annual fees, loan processing fee, or early closure fees and no pre-payment penalties. Member is responsible for closing costs.*
Is This The Right Account For You? Click here for a side-by-side comparison of accounts.
* APR = Annual Percentage Rate. APR can vary and is based on Prime Rate plus a margin of 0.00% to +5.00% based on credit rating. The APR is subject to change on the 10th of each month, based on changes to Prime Rate, the highest Prime Rate published in the Wall Street Journal “Money Rates” table on the 20th of the prior month. Minimum APR 4.75%, maximum APR 18%. Up to 80% CLTV with loan amounts of $10,000 to $500,000. 10-year draw period, 20-year repayment period. During the draw period, you may withdraw (advance) funds up to your credit line limit and pay interest accrued on that balance monthly. After the draw period, you may not withdraw any more funds from the line. Your loan is then amortized and you begin to pay the principal and interest monthly. There are no loan processing or early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow. Rates, terms and conditions are effective as of today and are subject to change without notice. Loans are available for owner-occupied properties in the state of California only. On approved credit. Offer not applicable on refinance of existing CommonWealth HELOC's. CommonWealth Central Credit Union membership is required prior to loan funding. NMLS ID #458544.
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