Details for ALLEGACY FEDERAL CREDIT UNION

Updated

use your
home’s equity.
With an Allegacy FlexLoan + Line of Credit, there are lots of
ways to pay for things in life. But tapping into your home’s
equity is one of the smartest ways to tackle larger purchases
like home improvements, college tuition or other expenses.

Talk with an Allegacy Representative today
about how to access the equity in your home.

%
1.99

A P R*

FOR 90

D AY S

AFTER THAT

AS LOW AS

5.25%

A P R*

3 3 6 . 7 7 4 . 3 4 0 0 | | A L L E G A C Y. O R G / F L E X L O A N
APR=Annual Percentage Rate. Rates are based on as low as the Prime Rate minus 0.25%. Rate is also affected by your credit history and profile and, like terms, are subject to change without notice. Maximum APR is
18.00%. For FlexLoan segments, which can be exercised up to 5 times, a portion of your balance will have a fixed rate. Minimum amount for each option is $5,000. The FlexLoan Line of Credit is a variable rate with a
15-year draw period. The total maximum line of credit amount for the loan is $350,000 up to 100% LTV on primary residence. Using the Line of Credit option at a variable rate, if you made only the minimum monthly
payment and took no other credit advances it would take 13 years to pay off a credit advance of $10,000 at 5.75% APR. During that period, you would make 60 payments of $73.49 to $100.00 followed by 95 payments
of $95.21 and one (1) final payment of $94.43. For the fixed rate option, if you took no other credit advances it would take 10 years to pay off a credit advance or $10,000 at 7.74% APR. During that period, you would
make 119 payments of $120.00 and one (1) final payment of $118.33. Appraisals are required on loan amounts of $100,000 or greater. Closing costs are paid up to $500. There is no annual fee or prepayment penalty
fee. Homeowner’s insurance and, if applicable, flood insurance is required. Interest may be tax deductible; consult tax advisor for details. Allegacy is an Equal Housing Lender. © 2019 Allegacy Federal Credit Union

1691 WESTBROOK PLAZA DR, WINSTON SALEM, NC 27103