Suncoast News SUMMER 2021
In this issue: • Get Ready for Hurricane Season • Make Your Home Equity Work For You • Easy Options for Paying Your Suncoast Loans • Suncoast Can Help Make Your Summer Fun • Protect Your Finances, Identity, and Cell Phone
Get Ready for Hurricane Season Hurricane season is here so now is the time to get ready. Gather supplies, make your emergency plan, and make sure your insurance policies are ready for hurricane season.
Flood insurance covers many rising water scenarios:
Damages caused by floods are excluded from all homeowner’s insurance policies, so protect yourself this hurricane season with flood insurance from Members Insurance Center (MIC)
• Unusual rapid accumulation of runoff or surface waters
• Overflow of tidal waters
• Mudslides as a result of flooding
Learn more about flood insurance from MIC at suncoastcreditunion.com and learn more about how to financially prepare for hurricane season at suncoastcreditunion.com/blog.
• Check Out Our Free Online Financial Education Resources • Congratulations, Class of 2021! • Establishing a Financial Safety Net with STIS • Service Center News • Connect with Suncoast
Use the equity in your home to help pay for what’s important to you, whether that’s home improvements, debt consolidation, college tuition, or unexpected expenses.
Debt Consolidation
Home Improvements
College Tuition
Unexpected Expenses
• Lower interest fixed rates that last for the life of the loan • No annual or transaction fees • Suncoast will pay up to $1000 toward closing costs • Even if you don’t have a mortgage with Suncoast, we can still help you with a home equity loan
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Apply today for rates as low as % APR* for a limited time only! suncoastcreditunion.com/home-equity Credit Union membership required. Minimum deposit required for membership $5.00. All accounts and services subject to individual approval.
only. Existing Suncoast Fixed Rate Home Equity loans available for refinance or rate reduction with an additional advance of $5,000.00.
The Annual Percentage Rate APR* is effective as of June 1, 2021. 3% APR only available on 5 year loan term. Rate and terms may change at any time without notice. Terms and conditions apply. Subject to credit approval. Maximum LTV is 80% for qualified borrowers. Available for Single Family, condominium and townhome/villa properties located in the state of Florida and occupied as the primary residence
Fixed Rate Home Equity Terms are 5, 10, 15 years. Minimum loan amount is $10,000. Maximum loan amount is $250,000 Payment example $50,000 Loan, 3% interest rate and term of 5 years is approximately $899.52 payment examples do not include property taxes or insurance premiums, and the actual payment obligation will be greater. For first lien Home Equity Loans, property taxes may be required to be
escrowed. Property value must be established. Credit Union pays up to $1000 toward closing costs. Typical closing cost range between $230 and $994. Cost for appraisals and title insurance range from $350 to $1,900 depending on the loan to value and loan amount. If the loan is paid off within 25 months of the opening date, third party closing costs will be recaptured within the final payoff. Equal Housing Lender. Federally insured by NCUA. NMLS # 417636