Home equity…evolved
Even when housing slows a bit, it doesn’t take much time to build equity – money you can use to add functionality to a kitchen, buy a car, pay for college, start a business, or whatever tickles your fancy. And with an e3 Master Line of Credit, using your equity and controlling payments has never been easier.
This is the next level of equity. In the past, members have had to choose from a fixed equity loan or a variable line of credit. With the e3 Master Line of Credit, you get both. Once approved, you choose how you use your equity and whether to lock the rate.
Discover the evolution of equity. Using an e3 Master Line of Credit, you don’t make any payments until you use the equity. And when you do, the interest is calculated at a variable rate. But remember, this is equity evolved. The e3 Master Line of Credit gives you the flexibility to lock in up to three fixed rate loans at any given time. So, if you’ve just added another bedroom and want to fix your payments on that project, you can. That way the market cannot affect those payments.
Apply for your e3 Master Line of Credit today at any branch location. Or do it right now.
Finance up to 85% of home's real market value*, or 80% of appraised value, less any first mortgage balance, for properties located in Oregon and Washington. Member pays third party closing costs which range from $175 - $1500 and generally include flood certification, appraisal, recording, title search and title insurance and excrow fees if required. Loan amounts over $200,000 require an appraisal. Property insurance is required on all loans and Flood Insurance, when deemed necessary. Reconveyance fee applies, $75 subordination fee. e3 Master Line of Credit: $25 conversion fee applies, waived for the first conversion when account is established. $125 conversion fee applies to convert a fixed balance back to the line of credit; e3 Master Line of credit has a $50 annual fee.
* Real Market value determined by Credit Union, using an Automated Valuation Model and County Tax Assessment.
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