Personal

Home Equity Line of Credit (HELOC)

HELOC rate
 

Best for: members who are looking for a revolving line of credit for home improvements, education payments, bill consolidation or personal use.

  • 1.99% fixed APR* for 2 years and Prime for life thereafter.
  • Use only what you need when you need it.
  • Tax deductions may be available (consult your tax advisor).
  • Little or no out of pocket expenses.
  • Various advance options are available – cash, check or transfer.
  • Available in all states except Texas.
  • Full closing cost must be paid back if the line is closed and satisfied within 36 months of opening.
  • Interest only payments during the 10 year draw period.

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ProductBethpage Annual Percentage Rate (APR)*LI Regional Bank Average APR^We are lower than the banks by:
HELOC FIRST 2 YEARS1.99%5.64%183%

^Data is supplied by Datatrac Inc. as of 5/17/2013.

Data supplied by Datatrac. Rate shown is the average rate for the 10 largest banks in the Long Island, New York area for A+ credit, 20% loan to value for new customers without any other relationship to the bank. Actual rates may be different. 

*APR = Annual Percentage Rate. Rate shown is the standard rate for Bethpage members based on maximum LTV of 80% a preferred credit rating and requires payment by automatic withdrawal from a Bethpage account. All offers of credit are subject to credit approval; Applicants may be offered credit at higher rates and other terms. See bottom of page for more information. The regular rate after the introductory period is prime, currently 3.25% APR.

Your homes equity is an excellent way to help you afford the big things, home improvements, family vacations, college education. Find out the difference between a Loan and a Line of Credit and what one is the better choice for you!

Visit the Advice and Planning, Home Center, to learn more...