Northwest Aerospace News October | November Issue No. 11 | Page 2

USE YOUR HOUSE
TO BUILD YOUR FUTURE.
MEMBER-OWNER
HOME EQUITY LINES OF CREDIT AS LOW AS 4.84%
VARIABLE APR.
*Restrictions apply
Learn more at becu.org/heloc
Federally insured by NCUA
You must open and maintain BECU membership with a Member Share or Member Advantage savings account; not
all applicants will qualify. Financing is subject to credit approval and other underwriting criteria. The specific credit
limit will be determined based on information obtained while processing your application, which includes, but is
not limited to: your credit report, your income, occupancy, and available equity in your home; not all applicants will
qualify. BECU must be able to perfect a first or second mortgage lien on your one-to-four family residence. During
the credit advance draw period, payments equal monthly payments of interest, subject to the lesser of $100 or your
balance and the principal is not reduced. At the end of the draw period, your monthly payments will increase equal
to the principal and interest amount necessary to pay the loan balance over the remainder of the loan term amor-
tized over 180 months. Insurance to protect the property against hazards (including flood insurance, if applicable)
is required. Borrower is also required to pay for optional services (e.g. if borrower retains an attorney that borrower
is not required to use). Additional state or local mortgage fees or taxes may apply. A reconveyance fee is charged to
remove BECU from the property’s title when a HELOC is paid off and closed. Reconveyance fees are paid to prepare
and record the Reconveyance with the county in which the property is located and varies by county. Reconveyance
fees are not BECU fees and are not waivable. Loan programs, terms, and conditions are subject to change without
notice. An Automated Value Model (AVM) may be obtained in lieu of an appraisal at no cost to applicant. In South
Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorneys’ fees
and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorneys’
fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market
for the closing of similar HELOC transactions. The rate for the Home Equity Line of Credit (HELOC) is based on the
highest Prime Rate as published in the Wall Street Journal as of the date of any rate adjustment plus a margin. Cur-
rent HELOC rate is 4.84% APR as of 9/1/2019 and is subject to change. APRs do not include costs and rate may vary
monthly (maximum 18% APR) and are subject to increase after account opening upon default. The actual rate may
be higher than the advertised rate for loans exceeding 70% combined loan-to-value (CLTV) or if you have lesser
creditworthiness. Rates are subject to change without notice and assume a borrower with excellent credit.
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NORTHWEST AEROSPACE NEWS