Equity Lending

*APR= Annual Percentage Rate. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Rate, points and APR may be adjusted based on several factors, including, but not limited to, loan amount, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. Fees, costs and monthly payment on your specific loan transaction may vary and could include additional fees and costs. For example, loans with LTVs more than 80% typically require mortgage insurance which will increase both your APR and monthly payment.

¹Home Equity Variable Lines of Credit with Intro Rate. Requires minimum initial draw of $25,000 (or $25,000 plus any balance based on existing Kinecta home equity loan) at time of closing. The initial APR is not based on the index and margin used for later rate adjustments. It is based on an initial rate discount. The initial rate discount will be in effect for 12 months. The variable APR after the initial rate discount is based on The Wall Street Journal Prime Rate (the "index") plus a margin. This rate may vary with changes in the Prime Rate. As of 09/19/2024 Prime Rate is 7.750%. The minimum floor rate is 4.00% and the maximum APR that can apply is 18.00%, this excludes state of Texas. CLTV up to 80%. The minimum credit limit and loan amount is $25,000, maximum is $500,000. 10-year draw period followed by a 20-year repayment period. $395 loan processing fee waived if (1) automatic payment plan from a Kinecta account is set up at closing; and (2) not replacing an existing Kinecta home equity loan originated in prior 12 months.

²Applies to Home Equity Lines of Credit only – discount are not applicable on Home Equity Loans or first mortgages. HELOC Relationship pricing benefits can only be combined with the HELOC 12-month Intro. Rate.

Membership requirements apply. Refer to the Agreements & Disclosure booklet for terms and conditions applicable to specific accounts. A new or existing Kinecta ProtectPlus™ Checking account is required at time of closing and the Intro. Rate discount depends on the level of Kinecta and/or Kinecta Wealth Management eligible account balances. Eligible balances will be verified upon final loan approval and shall remain on deposit at closing. Kinecta eligible accounts include traditional savings and share certificates. Investment Accounts held through Kinecta Wealth Management are also eligible. The borrower must be an account holder on the eligible Kinecta and Kinecta Wealth Management accounts.

Kinecta Relationship pricing is subject to change without notice.

³We have a partnership with Ameriprise Financial Services to provide financial planning services and solutions to our clients. We are not an investment client of Ameriprise, but we have a revenue sharing relationship with them that creates a conflict of interest. Details on how we work together can be found on ameriprise.com/sec-disclosure.

Ameriprise Financial Planning Services are optional, offered separately, and priced according to the complexity of your case and your financial advisor’s practice fee schedule. Your fees and financial advisor may be subject to change. Financial planning is generally appropriate if you have financial goals, sufficient assets and income to address your financial goals, and are willing to pay an investment advisory fee for recommendations to help you achieve those goals. Please review the Ameriprise Financial Planning Client Disclosure Brochure or, for a consolidated advisory relationship, the Ameriprise Managed Accounts and Financial Planning Service Disclosure Brochure, for a full description of services offered, including fees and expenses.

Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.

Kinecta Federal Credit Union and Ameriprise Financial, Inc. are not affiliated.

Kinecta Wealth Management is a financial advisory practice of Ameriprise Financial Services, LLC.

Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

⁴Home equity lines of credit (HELOC). Subject to credit approval. Rates, loan amounts, and terms are based on standard underwriting factors and are subject to change. Variable APR based on The Wall Street Journal Prime Rate (the “Index”) plus a margin. This variable rate may vary with changes in the Prime Rate. The minimum floor rate is 4.00% and the maximum APR that can apply is 18.00%, this excludes state of Texas. CLTV up to 80%. The minimum credit limit and loan amount is $20,000 and maximum is $500,000 with a 10-year draw period followed by a 20-year repayment period. $395 loan processing fee waived if (1) automatic payment plan from a Kinecta account is set up at closing; and (2) not replacing an existing Kinecta home equity loan originated in prior 12 months.

⁵Equity loans. Subject to credit approval. Rates, loan amounts, and terms are based on standard underwriting factors including Combined Loan-to-Value (CLTV) and are subject to change. CLTV up to 85%. Maximum loan amount is $500,000. Proof of homeowner's property insurance is required, and flood insurance may be required. $395 loan processing fee waived if (1) automatic payment plan from a Kinecta account is set up at closing; and (2) not replacing an existing Kinecta home equity loan originated in prior 12 months.

Loan combined with any other mortgage(s) cannot exceed 85% of the property value in 1-unit owner-occupied properties. Non-owner- occupied properties are not eligible. A full appraisal paid by the member is required when the value is greater than $2,000,000.00 and CLTV is > 50.00% or the CLTV is greater than 80.00% or the loan amount is greater than $400,000 or, the 1^st lien mortgage has an interest only feature. Applicable appraisal fees may vary and range between $550-$850.

⁶Tax deductions. Consult a professional tax advisor regarding deductibility of interest and charges.