Whether you “go green” with a fresh coat of paint or upgrade your entire home to be more energy efficient, now is the time to access the low-rate financing you need with FreedomQuest Home Equity Line of Credit!

• Interest-only payments make managing monthly budgeting easier!
• Enjoy easy convenience—no need to re-apply each time you need to access funds. Available balance refills as you repay the principal!

So map out which AmeriCU branch is closest and begin the easy journey to big savings...with the FreedomQuest Home Equity Line of Credit! For more details, visit your nearest AmeriCU office, call 800.388.2000, or click on www.americu.org.

* APR=Annual Percentage Rate. Minimum line of credit is $15,000. Minimum draw at closing is $15,000. Rates can increase or decrease, but not to exceed 15.00% APR. Applications are subject to credit approval. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change. If loan is paid off within 3 years or less, member reimburses closing cost incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $35 to $3,500.

*Prime rate as of 12/16/08 is 3.25% Annual Percentage Rate (APR). Minimum APR is 4.50%. Minimum line of credit is $15,000. Minimum draw at closing is $15,000. Rates can increase or decrease, but not to exceed 15.00% APR. Applications are subject to credit approval. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change. If loan is closed within 3 years, member reimburses closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $35 to $3,500.

If your planning includes home improvements or you're looking for sensible ways to pay for college, why not put your home's equity to work for you?

Borrowing against your home's equity (the difference between your home's value and the amount you owe on your mortgage loan), can help you obtain affordable financing for today's needs.

You may also want to consider consolidating high rate credit cards or other unsecured loans into a home equity loan. You'll benefit by paying a lower rate and making only one monthly payment.

Today's Home Equity Rates: (actual rate is based on your credit history and LTV)

Home Equity Installment Loan
Term		Fixed Rate	Amount	Security
60 months		5.50%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
120 months		6.00%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
180 months		6.50%	Up to 80% of appraised value, less first mortgage.	Second Mortgage
180 months		5.50%	Up to 80% of appraised value, first mortgage only.	First Mortgage
360 months		6.25%	Up to 80% of appraised value, first mortgage only.	First Mortgage
Payment Example: A typical loan of $25,000 at 5.25% APR would have 120 monthly payments of $302.32 with total repayment of $36,278.40. (Includes Payment Protection Plan.)
FreedomQuest Home Equity Line of Credit Rate Cap: 15.00%; Rate Floor: 4.5%
Term	Variable Rate	Amount	Payment	Security
0 Months - 10th Year	Prime - 1%	Up to 80% of appraised value, less first mortgage	Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater.	Lien on Property
11th - 25th Year	Prime - 1%	Up to 80%	Draw period can be renewed at our option OR this balance will be amortized over 15 years. The payment will be the principal and interest payment due (plus insurance if applicable). Minimum payment $100.00	Lien on Property
Home Equity Line of Credit Rate Cap: 15.00%; Rate Floor: 4.50%
Term	Variable Rate	Amount	Payment	Security
1st 6 Months (from date of closing)	1.99% APR (otherwise 4.50% APR). No relationship discount pricing.	Up to 80% of appraised value, less first mortgage	Interest only. Member Makes payment on the interest due (+ insurance, if applicable) on the amount they have used.	Lien on Property
7th Months - 10th Year 0 Months - 10th Year	Prime + 0% Prime + 1% Prime + 2% (adjust monthly)	Up to 80% 81-90% 91-100%	Interest only. Member makes payment on the interest due (+ insurance, If applicable) on the amount used.	Lien on Property
11th -25th years	Prime + 0% Prime + 1% Prime + 2% (adjust monthly)	Up to 80% 81-90% 91-100%	Draw period can be renewed at our option. Or The balance will be amortized over 15 years. The payment will be the principal and interest payment due (+ insurance, if applicable). Minimum payment $100.	Lien on Property
Payment Example: 1st 6 mo. if LTV is 80% or less (from day of closing): Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater. 7th mo. to 10th year OR 0 Month to 10th year if LTV is 81% or greater: Interest Only Payment (plus insurance if applicable) on the amount used or $25.00, whichever is greater. 11th to 25th year: Draw period can be renewed at our option OR this balance will be amortized over 15 years. The payment will be the principal and interest payment due (plus insurance if applicable). Minimum payment $100.00

• I'm ready to apply...what comes next?
• What can I use a Home Equity for?
• Should I choose a Home Equity LOAN or LINE of CREDIT?
• Frequently Asked Questions
• Glossary and Terminology
• What You Should Know About Home Equity Lines of Credit – The Federal Reserve Board

Payment Example for Home Equity Installment Loan: $20,000 for 120 months at 6.00% (Assuming 80% LTV) will be $222.04 with no insurance. Rates shown as Annual Percentage Rate (APR) - - - Loan Phone: 1-800-388-2000 (Utica/Rome 315-356-3000) The rates shown here are our very best, available to those with excellent credit. Loan rates are based on each applicant's credit history and may vary from those shown above.

The above Loan Rates include a 0.25% rate discounts when using other AmeriCU select services (not available with Home Equity Line of Credit). AmeriCU's Loan Rates are subject to change without notice. This page will be updated as soon as possible after any loan rate change. Contact our Member Call Center to verify thereafter.

 Equal Housing / Equal Opportunity Lender