Need a reason to open a home equity line of credit at Alabama Credit Union? Choose one (or more!):
1) The interest you pay on a home equity loan is tax-deductible for most borrowers, further reducing the cost you pay for financing.
2) There’s no annual fee.
3) A home equity line of credit loan is easy to obtain — most approvals in less than 24 hours, is good for up to 15 years, and offers easy access (such as convenience checks and instant advances using our ACUiBranch Internet account access system).
4) When you borrow at least $10,000 and agree to owe us at least $5,000 after the first 24 months, Alabama Credit Union will pay closing costs.

Our home equity line of credit allows you to borrow up to 90 percent of the value of your home, less the amount you already owe. Use your home equity line of credit for auto purchases, home improvements, debt consolidation, vacations, educational expenses and much more.
Sound easy? It is. To speed processing of your home equity line of credit loan, please be prepared to furnish the following documents:
» Copy of deed to property
» Copy of statement showing balance of first mortgage loan, if any
» Copy of tax return or W-2 for prior year’s income, plus copy of current pay stub. If self-employed, please provide tax returns for prior two years.
Need any more reasons to save money on financing? Give us a call, and we’ll be happy to discuss whether a home equity line of credit is right for you. Phone us at (205) 348-3889 in Tuscaloosa or (256) 824-6518 in Huntsville. But hurry... this offer is good for a limited time!

*Rate: APR may vary in relation to an index. Initial rate is a discounted rate of 3.90% APR until December 31, 2008, for new loans up to 90% of home's value if loan is applied for by midnight on Friday, April 4 and closed before April 30, 2008. Rate will change on January 1, 2009, based on the prior quarter's average 13-Week Treasury Bill (for quarter ending Dec. 31, 2007, 3.28%), plus a margin of 3.4 percentage points for 80% value loans or 4.4 percentage points for 90% value loans. Minimum payment: 1.25% of loan advance for 80% value loans or 1.5% of loan advance for 90% value loans. If a balance remains on the maturity date, a balloon payment will result. Fees: $500 Origination Fee. Closing costs range between $654 - $1,984 for loans ranging $5,000 - $100,000. Offer good for limited time to waive closing costs for minimum $10,000 loan advance; if home equity loan balance falls below $5,000 within 730 days, all closing costs will be charged to loan. Loans made on primary residence only. Subject to credit approval for qualified borrowers. Equal Housing Lender. Consult a tax advisor regarding the deductibility of interest. Offer applies to new Home Equity Line of Credit loans only. Existing loans excluded. Real estate loan applications not accepted via e-mail; please download a printed application, complete and forward to Alabama Credit Union’s main office at 220 Paul Bryant Drive East, Tuscaloosa, AL 35401.

Need a loan? Click here , or phone 1-888-817-2002 during business hours, or 1-866-564-2848 after business hours. You'll get instant service!