www.montereycountynow.com OCTOBER 31-NOVEMBER 6, 2024 MONTEREY COUNTY WEEKLY 23 Federally Insured by NCUA | Equal Housing Lender 831.479.6000 or toll-free at 888.4BAYFED, ext. 8304 www.bayfed.com/HomeLoans *6.99% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with up to 80% combined loan-to-value (CLTV) or less. The introductory APR will be fixed at 6.99% during the 12-month Introductory Period. After the 12-month Introductory Period, the APR is variable and is based upon an Index plus a margin. The Index is the “Prime Rate” as published in the “Money Rates” section of the online edition of the Wall Street Journal on the first day of the billing cycle. Eligible Lines of Credit loan amounts up to $400,000. As of September 19, 2024, the variable APR for Home Equity Lines of Credit ranged from 8.50% APR to 10.00% APR, depending on your credit score (the lowest APR disclosed includes any applicable rate discounts). The maximum APR during the term of the plan is 18.00%. The maximum loan amount is $400,000. An estimate of the fees imposed for opening the plan are $750 to $2500. However, these fees will be waived and/or paid by the Credit Union provided that our security interest in your home is maintained for at least 36 consecutive months from the date the HELOC account is opened. Otherwise, you must reimburse the Credit Union for these waived and/or paid fees. During the Draw Period, you may convert the variable interest rate and repayment schedule on a portion of your outstanding balance to a fixed rate and repayment schedule (subject to the terms and conditions set forth in the Home Equity Line of Credit Agreement). Each time you fix a portion of your loan balance, you will be assessed a charge of $50.00. Only three (3) fixed-rate options may exist at any one time. Offer is available for new applications submitted through December 31, 2024. Loans are subject to credit approval and program guidelines. Interest rates and programs terms are subject to change without notice. Property insurance is required. Other restrictions may apply. Bay Federal Credit Union membership required at the time of closing. For more information, visit any Bay Federal Credit Union branch or call a Bay Federal Home Loan Consultant at 831.479.6000 or toll-free at 888.4BAYFED, ext. 8304. 1524 N. Main Street | Salinas Apply Today! Renovate your home, not your wallet. 12-Month Introductory Rate of 6.99%APR* with HELOC Flex
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