HOME EQUITY INTRODUCTORY RATE: *APR=ANNUAL PERCENTAGE RATE. AN INTRODUCTORY RATE PRIME -1% (CURRENTLY 7.50%, AS PRIME IS 8.50% AS OF 4/10/2024) APR WILL APPLY FOR THE FIRST 6 MONTHS. THEREAFTER, THE RATE WILL ADJUST TO FULLY INDEXED RATE (TODAY’S RATES : 8.50%) ON THE FIRST CALENDAR DAY OF THE MONTH FOLLOWING THE END OF 6 MONTH INTRODUCTORY PERIOD. INDEXED RATE BASED ON CREDITWORTHINESS. THE INTRODUCTORY RATE IS FOR NEW APPLICATIONS BETWEEN APRIL 8 – 30, 2024. APPLICATIONS ARE VALID FOR 30 DAYS FROM DATE OF SUBMISSION. LOANS ARE ONLY OFFERED IN NEW JERSEY, NEW YORK, OR PENNSYLVANIA ON OWNER-OCCUPIED PRIMARY RESIDENTIAL PROPERTIES. TO QUALIFY FOR THE INTRODUCTORY RATE, YOU MUST CLOSE ON YOUR HOME EQUITY LINE OF CREDIT BY MAY 15, 2024. MINIMUM LINE OF CREDIT AMOUNT IS $10,000. MAXIMUM LOAN AMOUNT IS $250,000 OR UP TO 82% EQUITY IN YOUR HOME OR CONDOMINIUM, WHICHEVER IS LESS. A FLOOR RATE OF 4.25% FOR THE LIFE OF THE LOAN WILL APPLY AFTER THE INTRODUCTORY RATE EXPIRES. THE MAXIMUM APR THAT MAY BE IMPOSED WILL BE 18%. FEES: THERE IS NO APPLICATION FEE/CHARGE, AND NO CLOSING COSTS. WE WILL PAY THIRD-PARTY FEES ON YOUR BEHALF. IF WE DO SO, YOU MUST KEEP THE LINE OF CREDIT OPEN FOR AT LEAST 60 MONTHS (FIVE YEARS) OR BE LIABLE TO REIMBURSE THE LENDER BY PAYING A $400 ORIGINATION REIMBURSEMENT FEE. THERE IS A 5 YEAR DRAW PERIOD. DURING THE DRAW PERIOD, PAYMENTS WILL BE DUE MONTHLY CALCULATED TO SATISFY INTEREST DUE; WITH A MINIMUM PAYMENT AMOUNT OF $100.00. THE INTEREST WILL BEGIN TO ACCRUE WHEN MONEY IS TAKEN FROM THE LINE OF CREDIT. A $10,000 INITIAL ADVANCE WILL BE REQUIRED AT THE TIME OF LOAN CLOSING. AFTER THE DRAW PERIOD EXPIRES, PAYMENTS WILL BE CALCULATED TO PAY OFF THE LOAN BALANCE IN EQUAL MONTHLY PAYMENTS BY THE MATURITY DATE. AFTER THE INTRODUCTORY PERIOD ENDS, THE RATE MAY CHANGE MONTHLY BASED ON THE PRIME RATE PUBLISHED IN THE WALL STREET JOURNAL. NOT ALL BORROWERS WILL QUALIFY. RATES EFFECTIVE AS OF APRIL 8, 2024. RATES SUBJECT TO CHANGE WITHOUT NOTIFICATION. PINNACLE FEDERAL CREDIT UNION IS AN EQUAL HOUSING LENDER. NMLS# 423010.