Home equity Free up home equity for other purposes Borrow based on property’s value Fixed or variable rate option

Use the equity you’ve built in your personal residence to secure a loan or line of credit that can be used for a range of purposes. Check

Put your home equity to use with a home equity loan or HELOC current rates Home equity loans and Home Equity Lines of Credit (HELOCs) are first or second deeds of trust Check rates online at available on residential property located in Alaska or Washington. alaskausa.org. Home equity loan – One lump sum to be paid back in regular payments, over a specified term. Interest is fixed and begins accruing when you receive your loan funds. In that way, it is very similar to a mortgage or consumer loan. Home equity loans are helpful if you need a large sum of Apply money to finance a major purchase such as a home remodel or a new vehicle.Home equity loans Mail or fax do not have minimum or maximum restrictions, but are based on the borrower’s situation. Download an HELOC – A line of credit you can access any time, giving you purchasing power whenever application from the you need it. You begin paying interest only when you use the funds. You may prefer a HELOC website, complete it, if you need access to funds over time for things such as a wedding, a college education, or in and fax to preparation for unexpected expenses (even use it for overdraft protection on your Alaska USA (907) 786-2762 checking account). You may draw on your HELOC for up to seven years. You can access HELOC or (907) 786-2177. funds at a branch, ATM, through UltraBranch®, or telephone transfer. Or mail to Alaska USA Real Estate Telephone More details Loan Center, Property requirements – Your residence must be a detached single-family home, duplex, or P.O. Box 196613, zero-lot-line home that meets certain criteria. HELOCs are available for primary residences only, Anchorage, Alaska while home equity loans can be secured by second homes and non-owner occupied properties 99519-6613. as well. By Phone Fees – There is a processing fee, and an appraisal will be required to determine the value of your (888) 425-9813 property. Flood, hazard, and title insurance may be required. At a branch Additional Benefits Find branch locations online. n Great for financing large or long-term purchases.

n Quick application process. Online You may also n Use for just about anything: a dream vacation, home remodeling, college tuition, apply for a HELOC at RV, or debt consolidation. alaskausa.org. n May provide tax savings through interest payment deduction (see your tax advisor).

alaskausa.org

Federally insured by NCUA

AKUSA 02369 0813 • AK