Home Equity Line of Credit

Maximum Flexibility

A Home Equity Line of Credit is similar to a Home Equity Loan, except that it's a revolving line of credit. That means you choose how much to borrow and when to borrow it. It's almost like a credit card, but interest rates are generally lower and your "credit limit" factors in the amount of equity you have in your home.

Here are some of the features of Amplify's Home Equity Line of Credit: Home remodel

  • Flexibility. Use the funds however you'd like. You can pay for home improvements, college expenses, a wedding, or big-ticket purchases.
  • The amount you can borrow is up to 80% of the Fair Market Value of your home, less any liens; or 50% of your home's Fair Market Value, whichever is less.
  • The minimum advance is $4000.
  • Payments are 1.5% of the total outstanding balance.
  • You can refinance if the original loan is at least 12 months old.

You can apply for a Home Equity Line of Credit online - just click here to get started. You can also download the pdf application below, complete it, and fax it to 512.491.1018. You can apply in person at any AMPLIFY location, or apply by phone.

** The APR is variable and will not go below 3.5% or above 17%. Closing costs between $75-$200. Appraisal fee may cost up to $400. You must carry insurance on the property that secures this plan.

*All loan rates based on creditworthiness and may vary. Check with an AMPLIFY representative to determine the rate for which you qualify. See addendum for payment per thousand.

 

Current Rates
Starting at** as low as
3.50*%
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HOME EQUITY LOAN HOME EQUITY LINE OF CREDIT RAPID FUNDING HOME IMPROVEMENT LOAN

 

Here's where you can find an application form, articles, checklists, and disclosures:

*Fixed rate current as of 09/04/2009, subject to change.  Rates may vary based on creditworthiness and term.  Loans subject to approval.  Contact AMPLIFY for details.

**Consult your tax advisor regarding deductibility of interest.

 

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