Turn Your Mortgage into a Home Equity
Pay off your biggest loan even faster!

Not long ago, consumers turned to home equity loans mostly to fund such projects as remodeling the kitchen or building a deck. Not anymore.

Today, people borrow against their home's equity for everything from consolidating debt, paying for medical bills, college tuition, cars, or even to pay off your first mortgage.

If paying off your mortgage with a Home Equity sounds like a strange idea, consider the following: Mortgage rates are at record lows, but ACU's Choice Home Equity rates might be even lower. With current rates of 3.25% APR (15-year variable rate) or 4.25% APR (10-year fixed rate), it is a great time to apply.

Here's Why:

To refinance a mortgage, you often have to repay closing costs, which can amount to thousands of dollars. However, if you refinance it to a Choice Home Equity, there are no closing costs, which means your balance doesn't go up the day you refinance. This helps keep your payments low. An added bonus is that the interest you pay is usually tax deductible.* If you would like to find out if you can pay off your mortgage in 10-15 years, talk to a loan officer today.

If you have a small mortgage at a higher-than-average rate, consider replacing your first mortgage with a Choice Home Equity. Every member's mortgage situation is different, but you might be able to reduce your monthly payment, pay less in interest, and pay off your loan even sooner than you planned.

For a limited time, get a $50 Visa Gift Card with any Choice Home Equity approval of $5,000 or greater to spend on you, your home, or however you wish! If you are looking to pay off your home or have outstanding bills that you might want to consolidate, ACU can help you reach your financial goals. Contact us today to discuss our Choice Home Equity options and how they can benefit you.

*Consult your tax adviser. Must apply before September 28, 2012. Minimum amount to qualify is $5,000. The Home Equity Line of Credit is a revolving line of credit that is subject to change semi-annually. See our website for state availability.