Want a quick loan? Open a home equity line of credit and your money will be ready when you are.

As Low As 4.25% Variable APR* Home Equity Line of CreditMany people find owning a home to be a source of comfort and security. If your home has built up equity over the years, it can also serve as a convenient source of cash.

Simply opening a home equity line of credit with Allsteel Credit Union can instantly get you the cash you need — and you can finance it at a lower rate than for personal loans or credit cards.

Use the money for whatever you want. Spruce up your home. Take care of college expenses. Pay an unexpected repair bill. Even consolidate other higher-interest debt. With a home equity line of credit from us, you can —

  • Borrow up to 80% of your home’s current market value
  • Draw against your credit line for five years, and take up to 10 years to repay
  • Access funds quickly by check, via phone, online or by visiting the credit union

Plus, there are no annual fees. Best of all, the interest you pay may be 100% tax-deductible (consult your tax adviser for details).

To apply, stop by the Allsteel Credit Union office. And discover how a home equity line of credit can add greater convenience and flexibility to your financial life, and even save you money.

*APR = Annual Percentage Rate. The APR is a variable rate. It is based on the highest Prime Rate published in the “Money Rates” section of The Wall Street Journal on the first business day of the calendar month, plus a margin. The current APR is 4.25% (as of 8/23/2016) and is subject to change without notice. Your APR will be subject to your credit qualifications and may be higher. There is a $200 fee to help defray the costs of an appraisal. The minimum initial advance is $5,000 and subsequent advances must be $500 or more. The maximum credit line is $100,000. The minimum APR that can apply during the home equity line of credit is 4%. Maximum APR is 18%. Insurance requirements: Full coverage with lienholder information on the property and dwelling. Flood and hazard insurance is required if the property and dwelling are in a declared flood plain. All loans subject to credit approval.

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