With the rise in home values throughout our country, many homeowners are finding that home equity loans are a less expensive way to finance their next home improvement project, pay a college tuition bill, or even consolidate debt.

Home equity loans come in two forms; A Fixed Loan or a Line of Credit.  A Fixed Loan means you take one lump some at closing and begin paying back the interest on the full amount each month.  With a Line of Credit you have the ability to draw the funds as you wish and pay interest only on what you borrow.

American United offers a full line of Home Equity Loans and Lines of Credit, many at “No Cost” to you to $750,000.

While home equity loans provide a quick solution, they may not be your best financing alternative.  Before you apply for a home equity take a moment to explore all of your financing options. An American United representative will make sure you understand the pros and cons of home equity financing before you make your decision.  Call today at 1-800-555-2035 to speak with a local representative.

For additional information, call American United at (800) 555-2035 or e-mail us at info@americanunited.com.

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A home equity loan uses the equity in your home to help you borrow money.  When you decide on a Home Equity Loan, you have the option of choosing either a Home Equity Installment Loan or a Home Equity Line of Credit. 

The Home Equity Installment Loan offers a fixed rate, fixed payment and fixed loan term. 

A Home Equity Line of Credit gives you the flexibility of borrowing any amount at any time, up to your available credit limit, but also allows you to fix the rate on up to two parts of your outstanding balance for a set period of time.