What is a Home Equity Loan?
A home equity loan is a closed end second mortgage that allows the homeowner to capitalize on the equity accumulated in the property. Accessing this equity can provide funds for renovations, purchases, tuition, or any other want or necessity the homeowner desires. The homebuyer will receive a lump sum when the loan funds with payments split evenly over the term of the home equity loan. The term may be 5 years to 20 years. Arizona Central Credit Union allows a qualified homeowner to access up to 100% of the value of the home for any reason at all. If the homeowner is only doing home improvements, Arizona Central Credit Union will allow a qualified homeowner to access 120% of the value of the home.
How to Qualify for a Home Equity Loan?
Call or apply online to speak with one of our Home Equity Specialists
Why Choose Arizona Central Credit Union?
Arizona Central Credit Union has been providing Arizona families in Phoenix and beyond with mortgages and other financial services since 1939. Whether you already have an account or are just looking for a loan, Arizona Central, Arizona’s leading local credit union, will be here to safeguard you and help you achieve your goal of financial freedom.
Arizona Central Credit Union has 9 direct branches throughout Arizona, including Phoenix, Glendale, Tempe, Chandler, Flagstaff, Tucson and Show Low. Members have access to over 5,000+ branches and 55,000+ surcharge-free ATMs nationwide. Arizona Central makes banking accessible & rewarding for all AZ communities.
