Fixed Rate Advances. If you made only the minimum payments and took no other credit advances, it would take 120 months to pay off a fixed rate credit advance of $10,000.00 at an ANNUAL PERCENTAGE RATE of 3.99%*. During that period, you would make 119 monthly payments of $101.19, and a final payment of $102.19. *This is an interest rate we have recently used and this rate does not include costs other than interest. Fees And Charges In normal circumstances, you will not have to pay any BECU fees in order to open the HELOC, but you will be required to pay for insurance to protect the property against hazards (including flood insurance, if applicable). In certain circumstances, however, a borrower may also incur costs to clear title issues (including liens, judgements, deceased owners, or subordinations). These third-party charges may range from an average of $150.00 on the low-end, to an average of $775.00 on the high-end, depending on the specific circumstance. The range of third-party charges will not include an estimate for the cost of home repairs, since they vary greatly. Borrowers will also be required to pay for optional services (e.g. retaining an attorney when it is not required to open a HELOC). 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. To open and maintain a line of credit, you may have to pay the following fees to third parties: Third-Party Charges Cost Range Subordination Fee $75.00 - $500.00 HUD Certificate Fee $50.00 - $175.00 Title Elimination $25.00 - $100.00
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Samples: Becu Credit And, Credit And, Credit And
