![]() Your actual variable periodic rate and floor rate will be based upon your creditworthiness and loan-to-value. The minimum APR is 3.99%-5.49% (floor) for loans less than or equal to a 70% loan-to-value. Rates subject to change but the APR will not vary above 15% APR (ceiling). Other rates will apply for loans with a higher loan-to-value. Intro rate shown is for homeowners with up to 80% loan-to-value. ![]() Minimum credit score of 651 or more to qualify for promotional rate. Your actual rate will be based upon your creditworthiness and loan-to-value. After the 6-month introductory period, the rate will revert to Prime Rate as published in The Wall Street Journal or Prime Rate plus or minus a margin. New HELOC eligibility requirements apply. Cash Boomerang is a dividend and subject to tax reporting.ĩ Existing Home Equity Lines of Credit limit must increase by a minimum of $5,000 to qualify for introductory rate. ![]() Only members in good standing at the date of the payout will receive as long as the Cash Boomerang computes to $10 or more, with a maximum of $1,000. A checking account must be open as of 9/30 of year of payment to be eligible for the program. Any fees/charges applied to an account will reduce the account balance and result in less dividends earned. We may refuse or return any deposit amount causing the combined balance of all of your Summit Credit Union accounts to exceed $6,000,000.Ĥ No minimum balances are required to be eligible for the program. The special rate may not be applied to funds from another Summit Credit Union account. The Advertised special rate is available on new Money Market Plus accounts only. Balances that fall below $25,000 will receive the regular Money Market Plus published rate, which is subject to change at any time without notice. After November 30, 2023, the rate will revert to the current posted rates on our Money Market Plus account. Minimum $25,000 new money to Summit Credit Union required. Click on the View all rates and disclosures link for details.ģ APY is Annual Percentage Yield. Minimum balance to earn APY is $5000.ġ Rate and payments may increase after a specified amount of time. The results of the data were obtained through the Consumer Financial Protection Bureau’s website. *The Wisconsin’s #1 Mortgage Lender designation is based on the number of loans originated in 2021, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau.
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