A Home Equity loan is very versatile. Here are just a few options: Home Improvement, Tuition, Debt Consolidation, Vacation or Travel, Wedding Costs, and more. The choice is yours.
Key Features
- Competitive Rates
- Local Decisions
- Friendly Service
Details
Another option is paying off high-interest credit cards. See the example below.
Balance | APR1 | Yrs. to Pay off | Monthly Pmt. | Tot. Int. Paid | |
Credit Card | $15,000 | 27.79%2 | 5 | $465.14 | $12,908.33 |
AHCU HE Loan | $15,000 | 6.75%3 | 5 | $295.25 | $2,715.11 |
- Competitive rates for several short-term or one-time needs:
- Education expenses
- Major life events
- Home remodel projects
- Debt consolidation
- And much more
- The existing equity in your home is used as collateral backing
- Accommodating repayment terms that work uniquely for you
- No prepayment penalty
- Receive funds in one lump sum, or apply for a line of credit
- The interest paid might be tax deductible4
- Quick, local decision-making and processing
- Attentive, friendly service from start to finish
1 APR is Annual Percentage Rate
2 Average national credit card rate according to Forbes Advisor’s weekly credit card rates report, Jan. 15, 2024
3 As low as 6.75% APR
4 Consult a tax advisor.