Home Equity Line of Credit
Making Your Home Work for You

Owning a home gives you more than shelter. It gives you a way to build value you can draw from to borrow money when you need it. At American Savings Bank, we can help you maximize your home's stored value with an Equity ExpressSM home equity line of credit.

Use your line for home improvements, to consolidate bills, take a vacation, or just about anything else. Access to your line is easy and convenient - by check and a Platinum Visa® credit card. Plus take advantage of a low, long-term rate and more.

Get an idea of the equity that you may have in your home with our Home Equity Calculator.

Find out if you're a good candidate for an equity line of credit with the Home Equity Test.

	Highlights Below > Benefits You’ll Receive > Fast Facts

Benefits You'll Receive

• Easy application process
• Low, long-term rate*
• No points*
• Low closing costs*
• No annual fee*
• Low-interest only monthly payments
• Interest may be tax deductible1
• Easy access to your funds by check and Platinum Visa credit card
• Exclusive Platinum Visa credit card benefits
• Time-saving automatic payment option from an American Savings Bank checking account
• Free 24-AccountAbilitySM bank-by-phone service
• TravelAwards PlusSM program option - enroll and earn points with every card purchase2


1 Consult your tax professional regarding the deductibility of interest.
2 Participation in the TravelAwards Plus program is optional; cost is $50/year. TravelAwards Plus Terms and Conditions apply.

Fast Facts

Low, long-term rate
Starting at ½% below prime*

Annual fee
No annual fee - whether you use your line or not*

Low closing costs
Competitively low - in some cases there may be no closing costs*

Available Line of Credit
Based on the equity in your home

*

Effective 3/21/08, variable rate may range between 5.50-9.50% APR. Rate depends on credit and occupancy, and is subject to change monthly and is based on the Prime Rate published in the Wall Street Journal. Maximum APR is 18.00%. Account has a 10-year maturity. Prepayment penalty of $500 assessed if account is closed or credit line is reduced within the first 3-years. Equity Express Account Agreement applies. No grace period for credit card transactions; finance charges accrue from the date of transaction. Participation in the TravelAwards Plus program is optional, cost is $50/year. Homeowner’s and hurricane insurance required; flood insurance required if property is located in flood zone. Bank will cover the following closing costs for owner-occupied properties: Title insurance fees; escrow fees; credit bureau report fee; condo processing fee; mortgage recording fee; notary fees. Investor properties subject to all fees. If title is held in trust or if a release of third-party mortgage is required, trust documentation, trust review, and release fees between $100-$350 may apply. All home equity credit line requests require an Automated Value Method (AVM) or Comparative Market Analysis (CMA) if an AVM is not available. Home equity credit line requests over $500,000 require an appraisal. Appraisal cost may vary from $400-$1,000 depending on property. These are approximations; contact us regarding your property.