Maximum Rate and Payment Example
If you had an initial balance of $10,000.00, the monthly payment at your maximum Annual Percentage Rate of 17.25% would be $155.74. This annual percentage rate could be reached at the 28th of the month of the line of credit agreement.
Fees & Charges
Your line of credit will not require you to pay any closing costs. However, if you terminate your line of credit within the first two (2) years of establishing it, you will have to reimburse the credit union for your unpaid closing cost which are likely to include an appraisal fee of $125.00, lender's attorney fee of $375.00 and abstract redate chrage ranging from $150.00 to $250.00 approximately. You will also have to pay recording fees and taxes applicable in the county where your property is located. These fees generally total between $300.00 and $900.00 depending on the size of your line of credit. If you ask, we will give you an itemization of the fees you will have to pay in the event of closing the line in the first two-(2) years.
Visa Disclosure
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ANNUAL PERCENTAGE RATE FOR PURCHASES AND CASH ADVANCES ("APR")
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ANNUAL FEE
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LATE PAYMENT ANNUAL PERCENTAGE RATE ("APR")
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BALANCE CALCULATION METHOD FOR PURCHASES
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FEES
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As Low as 7.9% based upon relevant credit information.
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NONE
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If your account is 60 days delinquent in payment at any time, and your APR is 7.90% or 10.90%, then your new rate will become your prior rate plus a margin of 5.0%. If your account is 60 days delinquent in payment at any time and your APR is greater than 10.90%, your account may be terminated.
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Average daily balance method, including new purchases.
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Late Payment:
$15.00
Over Limit:
$15.00
Returned Check:
$20.00
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