<p>If you are thinking about sprucing up your house or consolidating debt, consider a Home Equity Line of Credit. An equity line of credit, like a credit card, gives you a predetermined borrowing limit and allows you to access money when you need it. Spokane City Credit Union offers 80% loan-to-value home equity line of credit. Because of the draw option, credit lines are good for recurring expenses such as college tuition and home improvements.</p>

<table class="ratestable two-column" style="margin:40px 0;">
    <tr>
        <td colspan="2">Home Equity Line of Credit</td>
    </tr>
    <tr>
        <td class="col1">Current APR*<br />(Annual Percentage Rate)</td>
        <td>as low as 5.00% APR*</td>
    </tr>
    <tr>
        <td class="col1">Interest Type</td>
        <td>Fixed first 3 years/Variable * quarterly thereafter with 2% periodic cap</td>
    </tr>
    <tr>
        <td class="col1">Maximum Loan to Value Ratio</td>
        <td>80%</td>
    </tr>
    <tr>
        <td class="col1">Minimum Loan/Line</td>
        <td>$10,000</td>
    </tr>
    <tr>
        <td class="col1">Maximum Loan Amount</td>
        <td>$200,000</td>
    </tr>
    <tr>
        <td class="col1">Maximum Loan Term</td>
        <td>Up to 15 years, depending upon loan amount</td>
    </tr>
    <tr>
        <td class="col1">Prepayment Penalty</td>
        <td>None</td>
    </tr>
    <tr>
      <td class="col1">Eligible Properties</td>
      <td>Owner occupied single family residence in Spokane area</td>
    </tr>
    <tr>
      <td class="col1">Closing Costs</td>
      <td>Paid by SCCU***</td>
    </tr>
</table>

<p><a class="btn" href="https://www.mortgageclick.org/default.asp?siteId=6E8BDCE9-BAD9-4400-BEEE-B25B0EBB89E1" target="_blank" title="Learn More and Apply Now" style="float:left;">Get Started</a><img src="/imgs/ICON_equal-housing-lender.png" style="max-width:70px; margin-bottom:20px; float:right;" /></p>
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<h5>SCCU Members have used their Home Equity Line of Credit to:</h5>
<ul>
    <li>Consolidate High Interest Debt</li>
    <li>Remodel or repair their home</li>
    <li>Send their kids to college</li>
    <li>Take family vacation</li>
    <li>Plan a wedding</li>
    <li>Furnish a Nursery</li>
    <li>Or whatever you need extra cash for</li>
</ul>
<h5>Find out what your home can do for you!</h5>
<p>E-Mail a Loan Officer: <a href="mailto:loandepartment@sccu.net">loandepartment@sccu.net</a><br/>Get an estimate on your payments with our <a href="loan-payment-calculator" title="Simple Loan Calculator">Loan Calculator</a>.
</p>

<p class="terms">*APR= Annual percentage rate. Based on approved credit. Restrictions may apply. Other rates, terms and conditions may apply. Rates may be different as determined by credit history of each applicant.<br/>
**A fixed Annual Percentage Rate (APR) will be used for the first 3 years of the plan. We will determine the periodic rate and the corresponding annual percentage rate during the variable rate period as follows: we start with an independent (the "index") which is the Wall Street Journal Prime Rate (WSJ Prime). We will use the WSJ Prime Rate plus a margin to determine your annual percentage rate. The annual percentage rate will change to a variable rate at the beginning of the 4th year of the plan. Thereafter, the annual percentage rate can change quarterly on the first day of the quarter following the anniversary month of the plan. The annual percentage rate will not increase or decrease more than 2 percentage points in any one-year period. However, under no circumstances will the annual percentage rate go below 5.00% at any time during the term of the plan.<br />
***All fees will be waived providing the loan remains in effect for 2 years.</p>