HOT REWARDS THIS SUMMER - NASA Federal Credit Union

HOME IMPROVEMENTS & HOME EQUITY
A Winning Summer Combination
Like SPF 30 and a good pair of flip flops, summer home improvements
and home equity go hand-in-hand!
Introductory
Best for ongoing borrowing needs like a
1
series of home improvements or a credit
reserve for unexpected expenses.
. 99%
n Variable rates as low as 4.00%* APR
APR *
n Market-leading rates, no points, closing costs 1 or fees
for 6 months
n Easy access to funds with online banking or convenience checks
n Credit lines up to $250,000
Ideal for one-time borrowing needs
Home Equity Loan and offers predictable, fixed payments
for the term of the loan.
n Market-leading rates, no points, closing costs 1 or fees
n Fixed Rates as low as 3.74% 2 APR and extended terms
n Borrow up to 90% of your home’s value
n A one-time payout to get your money up front
n Loan amounts up to $250,000
Home Equity Line
Your to-do list isn’t getting any shorter. And, like summer, these rate
won’t be around forever—so apply today. Stop by any branch, call
301-249-1800, or toll-free at 1-888-NASA FCU, ext. 802, or visit
nasafcu.com/home-equity.
1
No closing cost offer available one time only per
property. Closing costs must be repaid if line or loan
is closed before 24 months. 2 Annual Percentage
Rate (APR) is based on evaluation of applicant’s
credit and on associated loan-to-value ratio. Your
actual APR may vary. *APR=Annual Percentage
Rate. Introductory APR applies only to the Home
Equity Line and is for the first 6 billing cycles. Upon
expiration of the intro rate, all balances will accrue
interest at the variable APR in effect for your account.
APRs are based on evaluation of the applicant’s
credit. Your APR may vary. Other conditions apply.
4.00% Floor Rate regardless of a temporary lower
Prime Rate. The APR is a variable rate and is based on
the prime rate as disclosed in The Wall Street Journal
plus or minus a margin based on your credit history.
The rate is subject to change. Maximum APR is 18%.
We do business in accordance with the
Federal Fair Housing Law and the Equal
Credit Opportunity Act.
FINANCIAL
SELF DEFENSE
t’s home improvement
time again. And someone
with a pickup truck and a smile
knocks on your door, mentions
something on your to-do list, and offers to do it
at a cost that seems almost too good to be true.
Here are three steps to take before
hiring a contractor:
1. Verify the contractor has liability
insurance. If the contractor or his
employees cause damage to your property,
this ensures that he can make good on any
damages.
2. Require a license number. If a worker
gets injured on the job, and worker
compensation insurance isn’t in place, that
worker could sue both the employer and you,
the property owner, for damages.
3. Check References. Reputable contractors
with a good track record will have references
from prior jobs.
Following these three steps will help you to
avoid scams. Using licensed contractors and
checking references is a smart move, and it
protects you against unwanted liability when
things don’t go as planned.
CALENDAR
n July 4, 2012 – Independence Day
All offices closed.