Renovating your home?  Purchasing a boat or car?  Consolidating debt?  Paying for college ?  

Family Vacation?  Wedding?

 

No matter the reason, SPC can help make those dreams come true! Put the equity in your home to work with a SPC Home Equity Line of Credit (HELOC). Withdraw funds as you need them and only pay interest on the portion of the line you use during the draw period. Plus, interest may be tax deductible*.

 

SPC’s Home Equity Line of Credit benefits include:

 

-        Rates as Low as Prime*

-        One-Time Application

-        Up to $500 in Closing Cost*

 

Visit your local SPC Credit Union branch or a Mortgage Loan Representative at 843-332-4506.

 

 *The prime rate is the highest prime rate published in the “Money Rates Table” of the Wall Street Journal on the last business day of each quarter. Prime is a variable rate; as it changes, the APR on your account will also change. The APR will be based on the prime rate plus a margin of up to 1.00% with a minimum floor rate of 4.00%. The maximum APR that can apply is 18.00%. Credit is subject to approval. A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for manufactured homes. Loan fees and closing costs vary up to approximately $800. Flood and/or property hazard insurance may be required. Other restrictions may apply. The present APR of 4.00% is current as of April 1, 2012. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. Consult your tax advisor regarding the deductibility of interest.