An EquityLine is a revolving credit line that offers flexible spending with a low adjustable rate. You borrow what you need, when you need it, based upon the available equity in your home - up to 80%¹ of your home's appraised value, minus the balance of your first mortgage. You may draw on the Line Of Credit for up to 10 years with another 10 years to pay it back. This is a Revolving Line Of Credit, which means that during the draw period, you may take advances (make purchases or take cash out), repay on the line and advance off the line again.

With Interest-Only payments, you get flexibility and extra money in your pocket with significantly lower payments. Although you have selected to pay Interest-Only, you may pay as much of the principal balance as you choose. The monthly payment is whatever interest has accrued on the line for the previous month with a minimum of $100.

	Rate Adjustable² Term 10-year draw followed by a 10-year repayment Maximum Loan Amount¹ • Revolving credit line up to $250,000 for loans up to 70% of your home’s appraised value less encumbrances • Revolving credit line up to $100,000 for loans up to 80% of your home’s appraised value less encumbrances Minimum Loan Amount $10,000 Distribution Of Funds Access funds with convenience checks or a SDCCU® EquityLine Platinum Visa® Credit Card Additional Features • Free Internet Branch online account access • Unlimited TalkTone Teller® calls • Free eStatements • Potential tax deductions - check with your tax    advisor Minimum Payment 1% of outstanding balance or interest-only³, minimum $100 Payment Options • Automatic payments from an eligible SDCCU    account available • Additional 0.50% discount for Direct Deposit    with automatic transfer payments from an    eligible SDCCU account

Contact a Real Estate Specialist today to apply or get more information!

¹Maximum EquityLine is 70% Combined Loan-To-Value (CLTV) with a maximum loan of $250,000 or 80% CLTV with a maximum loan of $100,000.
²The Annual Percentage Rate can adjust monthly and is limited to a 6.00% increase over the life of the loan. The minimum rate may not decrease below 4.00%.
³$100 minimum payment is required. A balloon payment will result if you only make the minimum monthly payments.