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 HOME EQUITY LINE OF CREDIT
"INTEREST ONLY"
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by the equity you have built up in your home. With revolving credit, a maximum credit limit is established. Then, you can borrow from your account whenever you need funds. This means you don't have to complete a new application each time you want to borrow. It's fast, easy and convenient! There may also be some tax advantages. Certain limitations do apply, so please consult your tax advisor for details concerning the deductibility of interest on a home equity loan.
A line of credit is available to members and is based on the equity in your home. You may borrow up to 90% of the appraised value of your home less the balance owed on your first mortgage. ACFCU is happy to offer FREE CLOSING COSTS (minimum loan amount to qualify for free closing costs is $10,000). This loan is based on a 15 yr term with a draw period of a full 15 years. The minimum payment is INTEREST ONLY MONTHLY! Take advantage of this great offer!
Current rate based on Prime Rate as published in the Wall Street Journal.
With a Home Equity Line of Credit, you may make major purchases as you desire!
Call one of our specialists in our Mortgage Department or click here to fill out an application!
| Anita Mattera |
(800) 378-3778, ext. 1235 |
(423) 378-2813 |
| Daniel Torres |
(800) 378-3778, ext. 1249 |
(423) 378-2822 |
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