home equity line of credit
Draw on your home’s equity for instant cash.
Knowing you have extra cash readily available can provide peace of mind.
Secured by the equity in your home, a home equity line of credit offers you exceptional financial flexibility in choosing when, and how much, you wish to borrow.
Use the money to tackle a home improvement project. Make a special purchase. Pay college expenses. Buy a new car. Or anything else you desire. Plus, interest paid on a home equity loan may be tax-deductible.*
ALEC Home Equity Line of Credit highlights:
Borrow up to 80% of the current appraised value of your home***
No annual fees or closing costs3
Home Equity Line of Credit Rate
|Introductory Rate||After Intro Rate, APR* as low as|
|4.99% APR for the first 12 months 5,6||7.75%|