Home Equity Loan

Similar to a Home Equity Line of Credit, a Home Equity Loan lets you borrow against the equity you’ve built up in your home. Whether it’s paying off debt, paying for college or getting a new car, this secure, fixed-rate loan is a great way to go if you know the exact amount of funds you need.

Benefits also include:

  • Minimum loan amount: $4,000
  • Competitive interest rates and terms
  • Structured monthly payments to meet your needs
  • Easy to pay: can be automatically deducted from your ASB bank account
  • Interest may be tax-deductible1
  • No Closing Costs (Special Offer ends August 31, 2009)

Qualifying properties:

  • Owner-occupied homestead property only
  • Single-family residence
  • Town home
  • Condominium
  • Permanently-affixed manufactured housing

Note: Total debt secured by the home cannot exceed 80% of the fair market value.

  1. consult a tax advisor regarding deductibility of interest