14 LONGISLANDPRESS.COM • OCTOBER 2018
Quick, easy and
no closing costs.
Flexible funds for life’s major decisions.
HOME EQUIT Y LINE OF CREDIT
• NO closing costs*– a savings of up to $7,500
• NO application or appraisal fees
• Great introductory rate for 12 months**
• Fixed-Rate option available***
Everyone can bank at Bethpage.∞
Stop by your local branch, call 855-244-0090,
or visit lovebethpage.com.
*No closing costs on new HELOCs up to $500,000. Above estimated savings in closing costs are based on a $500,000 loan and actual savings may vary. Closing costs paid by Bethpage must be repaid by the borrower(s)
if line is closed within first 36 months. HELOC is a variable rate product with a rate not to exceed maximum legal limit for Federal Credit Unions (currently 18%). Consult a tax professional regarding the potential tax
deductibility of your interest payments and charges. Home Equities not offered in TX. $5.00 minimum share account required. Membership conditions apply. Loan-to-value restrictions apply. Hazard insurance is required
on all loans secured by real property; flood insurance may also be required.
**The introductory rate is effective for 12 months for loans with a maximum 75% Loan-to-Value (LTV), and for members who take an initial draw of $25,000, maintain this balance for 12 months, and have automatic
transfers from a Bethpage personal savings or checking account for the monthly payments on the HELOC account. The introductory rate only applies to loans that have not had an introductory rate within the past five years.
The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, and (ii) have automatic transfers from any Bethpage personal savings or
checking account for the monthly HELOC payment. Published rates and terms based on primary homes.
***A Fixed-Rate Loan Option allows you to convert outstanding balances to a fixed rate. Fixed-rate conversion is optional. Minimum amount is $10,000. Borrowers may have three (3) fixed-rate
conversions open at one time.
∞Membership requires a $5 minimum share account.
From MONEY® Magazine, November 2017 © 2017 Time Inc. Used under license. MONEY® and Time Inc. are not affiliated with, and do not endorse products or services of, Bethpage Federal