Many members do not realize how easy it is to utilize the hard earned equity in their home.
AAFCU has solutions through a Home Equity Loan or Home Equity Line Of Credit to give you access to your home's equity.
You can use the proceeds from either of these products to eliminate credit card debt, remodel your home, buy a car or take care of any other financial obligations you might have.
Each of the products below utilize the equity you have created in your home. Review each of the options and pick the one that will best serve your needs or contact AAFCU for a free professional consultation.
The product will help you access the equity you have created in your home as collateral. The loan is repayable over a fixed term with a fixed interest rate. With a fixed rate and fixed term it is easy to fit this product into your budget to meet your financial needs. Additionally, the interest may be tax deductible. Please check with your tax advisor for details
You have worked hard to create equity in your home and now you can use your home's equity to meet your financial needs. This is a revolving line of credit that utilizes the available equity in your home. This products allows you the flexibility to utilize only the amount you need at any given time and the rates are typically much lower than a traditional credit. The added benefit is the interest. Additionally, the interest may be tax deductible. Please check with your tax advisor for details.