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.

Apply Online - Get information on our online mortgage and equity line application. If you're ready to apply, click here.

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. Apply.
• 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 Visa® Platinum 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 prime*
	No annual fee • Whether you use your line or not*
	No closing costs • There are no closing costs for owner-occupants*
	Available Line of Credit • Based on the equity in your home

*

Variable rates effective 8/1/09, range between 4.50% - 4.75% Annual Percentage Rate (APR) based on credit and occupancy; subject to change monthly based on the Prime Rate published in the Wall Street Journal, plus a margin. Minimum APR is 4.50%. Maximum APR is 18.00%. Bank will cover the following closing costs (fees) for owner-occupied property: flood certification, title insurance, escrow, credit report, condo processing, mortgage recording, notary, trust documentation, trust review, release of third-party mortgage and an Automated Value Method (AVM) or appraisal if an AVM is not available. Requests over $250,000 require an appraisal. All Investor lines and Owner-Occupant lines over $250,000 are subject to all fees (estimated between $10 and $3,000). These are approximations; contact us regarding your property. Account has a 10-year draw period (with interest only monthly payments) followed by a 20-year repayment period (with principal plus interest payments). A fee of $500 will be assessed if account is closed or credit line is reduced within the first 3 years. Homeowner’s and hurricane insurance required; flood insurance required if property is located in flood zone. Equity Express account agreement applies. No grace period for credit card transactions; finance charges accrue from the date of transaction. Participation in the TravelAwards PlusSM program is optional at a cost of $50 per year; waived for the first year. Program subject to change or discontinuation without notice.