maspeth-connections-spring-2023

MAKEYOURHOMEWORKHARDER With a Home Equity Line of Credit (HELOC) you can leverage the equity in your home and tap this revolving line of credit to fund home improvements, pay school tuition or cover life’s occasional unanticipated expenses. Borrow up to 70% of your home's combined loan-to-value. Enjoy easy access to funds when you need them. Varied monthly payments based on the amount you draw. Interest only during the draw period. Closing costs subject to reimbursement if loan closed or paid off within three years. *Rate is based on the Wall Street Journal’s Prime Rate minus 0.25%. The maximum APR is 15.00% and the minimum APR is 3.00%. The maximum allowable line amount; combined DTI cannot exceed 43%. Property insurance is required, and flood insurance may be required. You should consult with a tax advisor about the deductibility of interest paid on your Home Equity Line of Credit. Prime Rate* Maximum Term Minimum Loan Amount Prime -0.25% 10 YR Draw Period 20 YR Payout $25,000.00 Contact Our Lenders Glenn Rudzewick SVP & Chief Lending Officer (718) 651-7888 grudzewick@maspethfederal.com NMLS#911661 Michael Palermo VP & Mortgage Officer (718) 651-7888 mipal@maspethfederal.com NMLS#641253 5