*APR= Annual Percentage Rate. The initial rate for the Intro Rate Home Equity Line of Credit is a fixed rate not based on the index and margin used for subsequent rate adjustments. The initial rate of 6.49% APR is fixed for the first 12 months. After the introductory rate of 12 months the 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 4.00%, maximum APR 18.00%. Intro Rate Home Equity Line of Credit up to 80% CLTV with loan amounts of $10,000 - $500,000. 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. All third-party fees associated with the loan at origination that were not collected at the time of origination will have to be reimbursed to the credit union if the line of credit is closed within 12 months of the opening date. There are no early closure fees and no prepayment penalty. Borrower is responsible for closing costs ranging from $450 to $1,500 including appraisal and escrow. There are no loan processing fees for new HELOCs. Borrowers who would like to refinance an existing CommonWealth HELOC will be subject to a $500 loan processing fee. Rates, terms, and conditions are subject to change without notice. HELOC offer is available for existing CommonWealth members and to new members residing in the following counties in California: Santa Clara, San Benito, Alameda, Santa Cruz, Monterey, San Mateo and San Francisco. Membership in CommonWealth is required. NMLS ID #458544
