Life can be expensive.
And for many, a Home Equity Line of Credit (or HELOC) could be a smarter way to pay. With a HELOC, you’ll get a lower interest rate than most credit cards, and the interest you do pay could be tax deductable.
A Tyndall Home Equity Line of Credit is even smarter when you get one now, because our’s come with two ways to save built right in.
What's your story?
With a 10-year draw period and a 10-year repayment period — plus a Home Equity Visa card to conveniently access your funds — our members are finding creative ways to save using a HELOC. Take a look:
Applying is easy
|Speak with a Tyndall Representative at any of our branch locations,|
|Call us at 850-747-4321 (877-747-4321, toll-free),|
|Or click the button below to apply online.|
*APR=Annual Percentage Rate. Rates shown are generally the lowest currently available and include a 0.25% rate reduction for loans repaid through an automatic transfer from a Tyndall Federal Credit Union account only. Loan applications are subject to application and approval criteria, including credit history. Qualifying interest rate is based on creditworthiness. After your application has been completed and approved, a closing date will be scheduled. Closing costs paid up to $1,000 on primary residence, which covers the typical closing costs. Should loan be paid off in 3 years or less, closing costs that were paid by Tyndall must be reimbursed. Introductory APR is 2.49% APR for 90 days on all Home Equity Lines of Credit (HELOC) opened between January 1, 2017 and February 28, 2017. After the introductory period, the APR will vary with the market based on the Prime Rate. The Index used to determine your Variable APR is the Prime Rate (published in the Money Rates column of the Wall Street Journal on the last business day the rate is published in each calendar month); your rate after the introductory period will be as low as Prime minus 0.26. Home Equity Lines of Credit have a variable APR, with a minimum APR of 3.49% and maximum APR of 18% (rate as of 12-20-16). Interest rate may change monthly. The Prime Rate is 3.75%, as of 12-15-2016. Loan term is 20 years; 10-year draw period; 10-year repayment period. Maximum LTV 80%. Minimum Loan Amount - $10,000; Maximum Loan Amount - $400,000; Minimum Initial Advance - $1,000. Offer available in all U.S. states, except Texas, Alaska, Hawaii, Connecticut, and New York. Offer available for a limited time. Some restrictions apply. Property securing the loan must be insured until the loan is paid in full. Consult with a tax advisor regarding the deductibility of interest. Offer subject to change without notice. Membership required; an initial$1 non-refundable membership fee will apply. NMLS #597599.