*Variable annual percentage rate (APR) is calculated based on the Prime Rate posted in The Wall Street Journal. The current WSJ Prime Rate is 7.50% as of 12/19/2024. HELOC is a variable rate product with a Max Rate of 18.000% and a Minimum Rate of 5.50%. Margins are set based on the risk associated with the loan and an individual’s or joint credit history. Minimum line of credit is $25,000. NJFCU Home Equity Line of Credit (HELOC) is available for one to four-family structures. Finance charges begin to accrue from the day of the initial advance. The initial draw period is for eight (8) years, and the full repayment period is over 15 years. Initial draw must be a minimum of $5,000 and a minimum of $250 for additional draws. Homeowner’s insurance is required; flood insurance is required where applicable. Consult a tax advisor regarding the deductibility of interest. Rates are subject to change. The introductory rate of (7.00%), the Annual Percentage Rate (APR), is a promotional rate and will not change until the first day of the 13th month after the day of the loan closing. If the promotion were not in effect, the Annual Percentage Rate would be Prime plus a Margin of.50%. After the promotional period, the loan will become a variable-rate loan and the interest rate and payment may change. The interest rate is based on the highest prime rate published in the Wall Street Journal. On December 19th, 2024, that prime rate was 7.50%. This offer cannot be combined with any other promotions. The promotion rate is available from July 1st to September 30th, 2025. Fees Apply.