Home Equity Line of Credit
Call one of United Bank of Union’s quality Loan Officers today at (636)583-2555 or visit one of United Bank of Union’s 3 convenient branches to take advantage of this opportunity to open your very own Home Equity Line of Credit!
*United Bank of Union’s 60 month Home Equity Line of Credit interest rate and annual percentage rate (APR) are variable and are based upon The Wall Street Journal (WSJ) prime rate (which was 3.25% as of 3/24/2015) plus 0.50% margin resulting in the advertised APR of 3.75%. Rates and terms are effective as of 3/24/15 and are subject to change without notice. Interest rate and APR changes will take effect on the first business day of the month following the date of WSJ prime rate change. In accordance with Missouri Law, your rate will never exceed a maximum APR of 20.00%. Borrowers are responsible for paying Closing Costs ranging from $650.00-$700.00, Appraisal Fees ranging from $250.00-$400.00 and a Finance Charge up to $77.00. You must carry Homeowners’ Insurance and Flood Insurance (if applicable) on the property that secures the line of credit. Your minimum monthly payments may not be sufficient to fully repay the principal balance on your line. If they are not, you will be required to pay the entire outstanding balance in a single payment at maturity. You should contact a tax advisor regarding the deductibility of interest and charges for the line of credit. The minimum initial credit advance must be at least $2,500 and no more than 80% of the value of the equity from which you are drawing. To receive the advertised APR, you must have a valid deposit account with United Bank of Union. All loans are subject to credit and underwriting approval. Other restrictions may apply. United Bank of Union NMLS# 402306. Member FDIC. Equal Housing Lender. Contact a United Bank of Union Loan Representative for details.