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Home Equity Loans
Why not take advantage of the equity in your home to get the extra money to make those home improvements you've been dreaming about ... or, use the money for school tuition, a vacation getaway, bill consolidation, vehicle purchase, and more. The rates are typically lower than other types of consumer loans, and the best part, when you borrow against the equity in your home the interest you pay may be tax deductible. (Consult your tax advisor regarding the deductibility of interest.) At ABCO, we offer two types of Home Equity Loans for even greater flexibility - a Variable Rate Home Equity Line of Credit, and a Fixed Rate Home Equity Installment Loan.
Variable Rate Home Equity Line of Credit
The Variable Rate Line of Credit Loan is available at 80% Loan to Value (LTV). You simply write a check - up to your available limit - anytime without the hassles of reapplying each time you need additional money. As you pay off the balance more becomes available for you to use again. The rate is base on Prime plus a low margin. Credit lines start at $5,000 up to $300,000 with convenient draw and repayment terms.
Fixed Home Equity Installment Loan
The installment loan allows you to make payments for a specified number of months like traditional consumer loans. With flexible terms up to 15 years, you'll find a loan that's right for you. Financing is available from $5,000 up to $300,000 based on the equity in your home.  Learn about our Home Equity Refinance Special
Have questions?
Contact the Lending Dept. at 1-800-225-1859 ext. 7613.
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