Let your home's equity work for you
Greater Spokane Valley Chamber of Commerce
You are eligible to receive a $150 bonus when you apply
for and open a new BECU home equity line of credit (HELOC)
of $25,000 or more
What Is a HELOC?
A home equity line of credit (HELOC) can help you make progress on
your goals — from paying for home repairs to consolidating debt and
more. HELOCs are tied to the equity in your home, so they may deliver
better rates than credit cards or personal loans.
How It Works:
• Apply for the funds you need by tapping into equity from your home.
• Funds are withdrawn during a draw period.
• You have the option to delay principal payments until the payback
period. (Monthly interest-only payments still required.)
HELOC Features and Benefits
• Rates are typically lower than personal loans and credit cards.
• There’s no application fee.²
• Loans up to $500,000.
• No origination fee.
• No appraisal costs, title insurance fees, document mailing fees or
pre-payment penalty fees.
Promo Code : PARTNERHELOC
1 Offer available to Greater Spokane Valley Chamber only. Financing is subject to BECU membership, credit approval, and other underwriting
criteria; not every applicant will qualify. BECU must be able to perfect a first or second mortgage lien on your one-to-four family residence.
Borrower will not have to pay any upfront fees to open the HELOC in normal circumstances. Borrower is required to pay for optional services (e.g.,
if borrower retains an attorney that borrower is not required to use). In South Carolina, where the law requires use of an attorney, BECU will be
solely responsible for paying all attorneys’ fees and costs necessary to open the HELOC and will perform this responsibility fully by paying all
reasonable attorneys’ fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the
closing of similar HELOC transactions. Additional state or local mortgage fees or taxes may apply. If the title report shows more than one existing
lien, judgments, deceased owners, or other title issues, or if the appraisal shows problems with the subject property, then Borrower may be required
to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such property problems. These thirdparty
charges may range from an average of $150 to $775 based on the specific circumstance. This range of charges does not include estimates for
the costs of home repairs. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the
HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee at loan payoff. Loan programs, terms, and conditions
are subject to change without notice. BECU will deposit $150 into your BECU savings account 60 days from the date the HELOC originates and
may be reported to the IRS on form 1099MISC at year end. Your BECU account(s) must be open and in good standing at the time of promotion
payout to receive the bonus deposit. BECU will not deposit bonus funds to closed account(s). This offer cannot be used to refinance, in whole or
in part, any BECU home equity loan or line of credit. BECU employees are not eligible. Fixed Rate Advances obtained on existing HELOCs are also
excluded from this offer. BECU reserves the right to terminate this offer at any time. Offer expires: 3/31/2024.
²During the HELOC draw period, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding
balance. Because the minimum monthly payment during the draw period is interest only, your principal balance may not be reduced. At the end of
the draw period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the
end of the 180 month repayment period. Your payments during both the draw and repayment periods will not include amounts due for property
taxes and insurance. The APRs for BECU’s HELOCs are variable and are based on the highest Prime Rate as published in the Wall Street Journal
on the last day of the previous month plus an applicable margin. Current HELOC rates range from 8.74% APR - 11.34% APR as of 1/1/2024 and are
subject to change. The maximum APR that can apply to BECU’s HELOCs is 18%. APRs do not include costs other than interest.
This Hot Deal is promoted by Greater Spokane Valley Chamber of Commerce.