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Using 7% HELOC to Pay off a 3% Mortgage?The introductory rate of % APR applies for the first 12 months. Following the introductory period, the APR may vary quarterly, based on the then-current. * Introductory % Annual Percentage Rate (APR) is fixed for the first three (3) months and will not increase during that period. After the first three (3). **Eligible member will receive an introductory rate as low as 0% for the first 3 months or % for the first 6 months (see Intro Rate disclosure for.