Home Equity Line of Credit
Members choose a Langley Home Equity Line of Credit for a lot of reasons.
*Introductory rate is available on new credit lines of $15,000 or more with a $10,000 minimum advance and Loan-To-Value of up to 90% (if Langley is the lender in a primary or secondary lien position);Loan-To-Value of 80% or less for all others. We'll pick up the closing costs on lines of $15,000 or more with an initial advance of $10,000. Offer applies to new borrowers of Langley 20/20 Home Equity Line of Credit loans with a credit score of 710 or better depending on credit qualifications. The introductory rate of 1.49% APR will be in effect for 12 months from the date of the minimum $10,000 advance. On the first day of the thirteenth month the introductory rate will revert to the contractual rate of either Prime + 0, Prime +1 or Prime +3. The interest rate on the line of credit is variable based on the Prime Rate published in the money rate column of the Wall Street Journal - currently APR - plus a margin and is subject to change. Property insurance required. Some restrictions may apply. Consult your tax advisor for details. Offer ends May 31, 2015.