HELOCs are available to owner occupied primary residence and non-income properties. It must not be listed for sale. Minimum credit score of 650 and LTV (Loan to Value) of 90% or less based on the lessor of the EFMV (Estimated Fair Market Value) of the current property tax bill and AVM (Automated Valuation Model) value.  If an appraisal is required, the value from appraisal will be used. Rates are determined by base rate, credit score and LTV. Base rate is Prime Rate as published in the Wall Street Journal, with a floor of 4.00% APR and ceiling of 18% APR. Term is 20 years, with 10 years being “draw” period followed by the “repayment” period. Line of credit rate is variable and may change monthly. Minimum payment is 1.50% of the principal balance or $100.00, whichever is greater, during full term of loan. All loans are subject to credit and other qualifications. An appraisal may be required if LTV exceeds 80% and will be at the expense of the borrower. A new appraisal must be ordered and approved by GCU to use for loan. If existing outside appraisal is received, it will be reviewed for qualifications and not guaranteed to be accepted. Homeowners insurance required. Flood insurance required, if applicable. No application processing or closing costs with exception of title adjustments and/or appraisal, if required. If title adjustments are needed, this will be at the expense of the borrower. If refinancing an existing Home Equity with Guardian within 24 months, a minimum of $10,000 must be added to limit or a fee of $250 may be assessed. All rates and loans are subject to change without notice.