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HOME EQUITY
Take advantage of your biggest asset - your home. The amount you
can borrow depends on the amount your need and the equity you’ve
already established in your home. Whether your goal is home improvement,
debt consolidation, college education expenses, even a new car or
dream vacation, you have the freedom to use the money any way you
want to.
HOME EQUITY LINES OF CREDIT
A typical ACU equity line is one at the prime rate for the life
of the credit line. Up to 95% of your home’s equity is available,
with up to a $250,000 line of credit. There is a 10 year draw period,
with a ten year repayment. We also offer many other lines with varying
terms.
HOME EQUITY LOANS
These are fixed rate loans with no closing costs. The actual rate
is based on an applicant’s credit score. Equity loans are available
for up to 20 years. Loans can be in the amount of up to 95% of the
appraised value of your home, less the amount due on the first mortgage.
Home equity loans can go to a maximum of $250,000, with a minimum
of $10,000.
Property insurance sufficient to cover collateral
replacement value is required.
Click
for current rates and terms.
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