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Have you considered all of your mortgage options?

College, home improvements, or an unexpected expense to pay for? Put the equity in your home to good use with a smart, low-rate Home Equity Loan from ALEC.

Get a lot, save a bundle.

Whatever Home Equity Loan you go with, you’ll be amazed by all you get.

  • Amazing rates: Competitive interest rates, better than most banks
  • No closing costs: Save a bunch right off the bat**
  • Zero fees: Keep on saving with no application or annual maintenance fees
  • Tax advantages: Interest payments may be tax-deductible#
  • Easy ways to pay: By mail, automatic withdrawal, phone, or online
  • Personalized service: Dedicated loan representatives at your service

Home Equity Line of Credit

Want to know money’s there for ongoing expenses, or just for peace of mind? Borrow what you need, when you need it with a flexible Home Equity Line of Credit.

  • Borrow using the equity in your home
  • Interest-only payment options
  • Draw funds by check, online, or at any ALEC Service Center

Second Mortgage

Just need a lump sum of cash for an unexpected or one-time purchase? A Second Mortgage could fit the bill fast.

  • Borrow using the equity in your home
  • Low, fixed payments
  • Fixed terms up to 60 months
  • Amortization up to 15 years

Ready to pocket your equity?

APPLY ONLINE NOW, at any ALEC Service Center or by phone at 800.762.9988. 

Check out our new Loan Saver Calculator to see how much you can save when you refinance with ALEC.

Home Equity loans are currently available in Illinois, Ohio and Wisconsin only. 

Maximum loan to value may be reduced in declining home markets.
** ALEC will waive your closing costs for fees including Property Appraisal, Title Insurance, Recording Fees, and Flood Certification. Member is required have Homeowner's Insurance on the property. 
# Consult your tax advisor.

NMLS Registry Information for
ALEC Mortgage Loan Originators



Click for a quote.


Let us show you the savings.

Copyright ©2015 Abbott Laboratories Employees Credit Union
401 N. Riverside Drive Ste 1-A Gurnee, Illinois 60031-5915
847.688.8000     800.762.9988

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