Put your home's equity to work
Make equity in your home work for you with an American 1 Federal Credit Union Home Equity Line of Credit or a Home Equity Loan. It provides access to the equity in your home to meet your family’s financial needs for home improvements, college tuition, vacations, emergencies, and even debt consolidation.
In addition to providing you with a significant resource of funds, a home equity loan offers you other advantages including:
• No Closing Fees
American 1 home equity loans now feature no application or closing fees!*
• Deductibility of Interest
Because a home equity loan is secured by your home, the interest you pay may be fully deductible for federal tax purposes (Consult your tax advisor - tax laws are subject to change and individual tax situations vary).
• Competitive Interest Rates
Not only are our rates competitive, they are typically lower than the interest rates on personal installment loans or credit cards.
• Flexibility
You can borrow up to 90% of the value of your home if you qualify. And you can choose between an easy-access line of credit or a simple closed-end loan.
• Convenience
The Line of Credit is as easy as writing a check. You can request an advance in person, by mail, by phone through American 1 Access, or online through A1@home.
• Security
Your home's equity is a secure source of funds.
> Federal Reserve info about Home Equities | 
