The card that's tied to your HELOC for easy purchasing, tracking, and most of all convenience!
Whether purchasing building supplies or buying tile flooring for your new kitchen, reach into your wallet and use your Equity Advantage Mastercard®. You can use it anywhere Mastercard is accepted, and all your transactions are itemized in your monthly statement.
Intro APR* as low as
|Loan to Value (LTV)||Margin||APR As Low As1||Maximum APR||Amount Financed2||Lender Closing Costs3||Non-Introductory Rate||Alert Me|
|80% or less||0.000% to 3.500%||1.990%4||18.000%||Up to $150,000||$0||8.000%||Receive a notification when this rate changes|
|80% or less||0.250% to 3.750%||1.990%4||18.000%||$150,001 - $250,000||$0||8.250%||Receive a notification when this rate changes|
|The Gain Advantage Home Equity Line of Credit is an adjustable rate loan subject to change. Loan rates are based on term and applicant credit history. All loans are subject to credit approval and are subject to Gain Federal Credit Union policies and procedures. Rates are subject to change without prior notice.
Rates and payments are based on the current margin and index rate. Index is WSJ prime rate. Rate subject to change quarterly.
Rate Caps - Floor rate of 3%, Maximum rate of 18.000% and no annual adjustment cap.
Payment Example: Loan for $150,000 based on a 70% Loan To Value (LTV) with a margin of 0.250% and an index of 8.000% equals an interest rate of 8.250% with a payment of $1,455.21 per month.
The current non-introductory rate of 8.000% APR, which is accurate as of 05-30-2023 and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 80% and maximum loan amount of $150,000.
Term - All Home Equity Lines of Credit are based on a 15-year term with principal and interest payments.
Draw Period - 10 year draw period. After draw period ends, the repayment period begins (up to 15 years)
Single Family Residence, 1-4 units and condominiums (member primary residence)
California, Arizona and Nevada Only
Not all applicants will qualify.
No prepayment penalty.
Gain Federal Credit Union NMLS #407810
Disclosures and Program Information
MasterCard Agreement Equity Advantage MasterCard Benefits Program Disclosure Home Equity Early Disclosure
The National Foundation for Credit Counseling (NFCC) provide free or low-cost individualized, confidential credit counseling in-person and by phone at (877)-316-6322. http://www.nfcc.org