Money Matters Summer 2022

410-534-4500 | 1-800-JHFCU-70 jhfcu.org SUMMER 2022 JOHNS HOPKINS FEDERAL CREDIT UNION Refinance & Save Re nance or consolidate your high- interest loans from other lenders and: • Lower your monthly payments • Lower your interest rate • Save on interest paid • Pay off your loan sooner Don’t make your rst payment for up to 90 days with our PAYMENT DEFERRAL OPTION on all Auto and Anything (personal) Loans.* Scan the code to get started. *By skipping your rst payments, up to 90 days, you extend your maturity date approximately up to three (3) months. Credit insurance coverage you have on this loan does not cover any deferred payment. Since loan interest still continues to accumulate, your nal payment on this loan may increase. This option is subject to change or may be discontinued at any time. HOLIDAY CLOSINGS Independence Day Monday, July 4 Labor Day Monday, September 5 You can access your accounts via Online Banking, the JHFCU Mobile Banking App , TeleBranch 24 and ATMs. See How JHFCU Can Help Put Your Ideas to Work You have ideas and plans, and we can help put them to work. What’s your next project? For some it’s renovating your kitchen or bathroom. For others it’s transforming your living space into that open concept you saw while binge-watching HGTV. Perhaps it’s getting that pool you wish you’d had a couple years ago. No matter the project, we want to help bring your ideas to life. Here are a few options to help you nance your plan: • Home Equity Loan or Home Equity Line of Credit (HELOC) – Put the equity in your home to work for you while you build more equity with a big improvement project. Home Equity Loan rates are as low as 5.875% APR 1 to 7.875% APR 1 ; HELOC rates are as low as 4.75% APR 2 . Plus, there are no closing costs! 3 Also, interest may be tax deductible. 4 • Anything Loan – Suitable for smaller projects, where you prefer to borrow the amount all at once and pay it back in xed monthly payments. Rates are as low as 6.99% APR 5 . • Credit Card – Perfect for small and large projects, with manageable payments depending on balances. Rates are as low as 7.9% APR 6 and earn points with our rewards card. • Mortgage Refinance with Cash Back – This is a great nancing option if you’re planning to stay in your home for a long period of time. Rates, terms, and options vary; call 410-534-4500, ext. 740 , to speak to a Mortgage Loan Of cer. • Auto Loan – Finance your new or used auto with rates as low as 2.49% APR 7 . You may even want to consider an Auto Re nance with Cash Out. Use the equity in your car for a low-rate loan, up to 125% loan-to-value (LTV). APR = Annual Percentage Rate. 1 Rates are based on applicant’s credit, loan term, loan-to-value and are subject to change. 2 Rates are based on applicant’s credit and loan-to-value. Maximum rate for Home Equity Lines of Credit is 18% APR. Your actual rate may vary and subject to a oor rate. 3 The closing costs will be added back to the loan payoff balance if the loan is paid off within the rst three (3) years and are only paid by JHFCU one time per property. 4 Contact your tax advisor. 5 Rates are based on applicant’s credit and are subject to change. 6 Rates are based on applicant’s credit, type of card and are subject to change. 7 Rates are based on applicant’s credit, loan term and are subject to change.