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HELOC

Now is the best time to apply for a Home Equity Line of Credit!

Home Equity is an easy way to finance the things you want in life.  Use the equity in your home for:

  • Home improvements
  • Consolidating high-interest debt
  • Paying –off medical expenses
  • Purchasing large-ticket items
  • Education expenses
  • Funding a vacation

Plus receive these additional benefits:

  • NO closing costs
  • NO application fee
  • NO annual fee or prepayment penalty
  • Interest may be tax deductible**
  • We offer discounted rates on Home Insurance, ADT and Direct TV
  • Check out our other Rates and terms

Apply Now To learn more call 888-554-2328 x290.

*APR – Annual Percentage Rate. This promotion is available for a limited time and may be withdrawn at any time. The promotional Annual Percentage Rate (APR) will not change until the first day of the 13th month after the day of the loan closing. After the introductory period, the loan will become a variable rate loan and the interest rate and payment may change. The prime rate is based on the highest prime rate published in the Wall Street Journal. On January 1, 2018 that prime rate was 4.50%. The current APR for a Home Equity Line of Credit using the prime rate minus 0.26% margin is 4.24%. The floor rate at the end of the initial 12 month period will be 2.99%. The APR will never exceed 8.99%. If applicable, your payments will change on the first day of the month. At no time during the life of your loan will your interest rate go below 2.99% after the one year introductory rate, nor will it go any higher than 8.99%. Your annual rate change per year cannot exceed 2.00%. You can select a term of 20 years with a “draw period” of 7 years. Other restrictions may apply. Some Non-NJ Properties may have State Tax related closing costs. If the loan is paid off within two years, the borrower agrees to reimburse the Credit Union for closing costs initially waived in the amount of $750, and that the member authorizes the Credit Union to withdraw the money from their Credit Union account. Loan Rates and current offer are subject to individual qualifying factors and may change at any time without notice, your rate may be higher. Minimum line amount of $25,000. Maximum line amount of $250,000. Loan amount is up to 75% of your home’s value less any other liens. This promotion applies only to new lines of credit and is not available to refinance existing loans with GAFCU. Promotion available for single family, owner-occupied, primary residence only; excludes investment property, second and vacation homes, condos, co-ops and single or double wide manufactured homes. Property insurance is required. Applicants must successfully meet our Home Equity Line credit standards. Not all members will qualify for this promotional offer. Alternative rates and terms are available. Some Non-NJ Properties may have State Tax related closing costs. **Consult your tax advisor regarding your ability to deduct Home Equity Loan interest. Credit union membership required to apply for any of our products and services.