Home equity line-of-credit loan rates have been going DOWN!

If you’ve been thinking about consolidating high interest credit cards, making home improvements, education needs, or any other purpose, this is an ideal time to open a Home Equity Line of Credit at Gwinnett Federal.  Home equity rates have dropped over 1% since December in the general marketplace, and Gwinnett Federal is offering very competitive rates – as low as 5.00% APR*.  In addition, rates will not adjust until June 2009 on loans issued from now through June 2008.  Act now and have funds waiting for you whenever you need them by calling us at any of our locations for more information.  The interest you pay may be tax deductible. Check with your tax advisor for details.

*Variable ANNUAL PERCENTAGE RATE, current as of April 2, 2008, and subject to change weekly. Rate is based on first position, 80% loan to value, term, and other conditions.  Approximate cost to open is $130.00, and the amount is subject to an increase if a full appraisal and/or title search are needed. The periodic rate used to compute the finance charge is the four week average of the 26-week T-bill rate plus a 3% - 4% margin. The maximum annual increase is 11/2 % above the current variable annual percentage rate. The maximum annual percentage rate that may be imposed is 18%.