*Variable annual percentage rate (APR) is calculated based on the Prime Rate as posted in The Wall Street Journal. The current WSJ Prime Rate is 8.00% as of 9/19/2024. HELOC is a variable rate product with a maximum rate of 18% and a floor of 6.75%, which is 2.25% below prime. 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, the full repayment period is over 15 years. Initial draw must be a minimum of $5,000 and a minimum of $2500 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 6.75%, the Annual Percentage Rate (APR) is a promotional rate and will not change until the 1 year from origination date. If the promotion were not in effect, the Annual Percentage Rate would be 8.50%. After the promotional period, the loan will become a variable-rate loan and the interest rate and payment may change. This offer cannot be combined with any other promotions. This promotion will expire on September 30, 2024.