Two ways to tap into your home’s equity
Fixed-Rate Home Equity Loans
As low as 5.99%*** APR*
Home Equity Lines of Credit
As low as 5.49% APR* for 12 Months!**
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* APR = Annual Percentage Rate
**Introductory rate of 5.49% for 12 months for LTVs up to 90%, 5.99% for 12 months for LTVs 91-100%. After promotion period, standard rate of Prime + Margin will apply. Variable APR equal to the Prime Rate as published in “The Wall Street Journal” plus a margin specific to your loan. Prime Rate (currently 8.50%) with a minimum APR of 8.00% and a maximum APR of 18.00%. Rates current as of March 15, 2024, and are subject to change based on market conditions and borrower eligibility. Minimum advance of $10,000 at settlement required for introductory rate. Subject to credit approval. Your APR may be higher based on the prevailing variable-rate index value, your credit qualifications, the amount of your credit line, combined loan-to-value, and/or property type. Minimum credit line is $10,000. Maximum credit line is $250,000 based on LTV. SkyPoint pays closing costs (excluding taxes) in exchange for a $10,000 draw at settlement. Closing costs range $200-$1,500. If the credit line is closed within three years of open date borrower is responsible to reimburse credit union for closing costs paid by the credit union. Homeowner’s insurance is required. Flood insurance may be required. Offer does not apply to existing SkyPoint credit lines. See a credit union representative for complete details.
***As low as rate of 5.99% APR for LTVs up to 80% on fixed-rate home equity loan product. Individual rates are based on member creditworthiness and may be higher than stated as low as rate. SkyPoint will pay up to $1,000 in closing costs for fixed-rate home equity loans, excluding taxes. See a credit union representative for complete details.
Resources to Help Guide You Through Life
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3 Reasons Not to Tap Your Home Equity Right Now
Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The
Rise in Lending Is Another Sign Economy Is Bouncing Back
In another clear sign that the nation’s economy is returning to pre-COVID levels of activity, the number of new credit accounts being opened is on par with where it was before the pandemic set in.
