With a Home Equity Line of Credit, you have the convenience of a one-time application. Once it is established, you may borrow, repay and borrow again up to your available credit line. This product offers you interest rate protection with principal and interest payments. Rates may only vary twice a year on January 20 and July 20, with a maximum of 1% per year and a 6% lifetime cap over initial established rate.*
- Usually no cost to you to establish your Home Equity Line of Credit
- Interest paid may be tax deductible - (consult your tax advisor)
- Home Equity checks
- Access your Home Equity Line of Credit with a GLCU Visa Card
Note: There is a $50 annual fee for a Home Equity Line of Credit.
Effective Date: Wednesday, February 26, 2020