Home Equity Loans
We’re ready to lend a hand and help you put the equity in your home to work for you. Whether you're consolidating debts or making improvements, our home equity loans can help make it happen.
ABCU offers two plans that may allow you to borrow up to 100% of your home’s value. By using the available equity in your home, you can take advantage of a low rate that traditional loans do not offer, and your interest may be tax deductible.*
Fixed Rate
This loan provides a one time advance with a rate that is locked in. Your budgeting and planning are made easier knowing that your payments won’t fluctuate. Repayment terms vary from three to 20 years.
Variable Rate
Providing a continuous line of credit with a variable rate, this loan helps lend a hand when you need it. Ready for a big remodel? The funds are there. Trying to consolidate your bill? Your home equity line of credit is there to help you take control of your bills.
With no application fee or closing costs, our home equity loans make it easy to put the value in your home to work for you. For more information, please contact us at 517.323.0020.
*Consult your tax advisor
| Home Equity Loans |
| Effective Date: 3/1/10 |
| Name | Rate | Term |
| Open Ended Variable |
As low as 4.00% |
n/a |
| Closed End |
As low as 6.00% |
60 Months |
| Closed End |
As low as 6.25% |
120 Months |
| Closed End |
As low as 6.75% |
180 Months |
| Closed End |
As low as 7.00% |
240 Months |
USA PATRIOT ACT NOTICE
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents as per the requirements of the U.S.A. Patriot Act.
