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Home Equity Resources

Find answers to your home equity questions on this one convenient page.

Talk To An Expert

Leveraging the equity in your home can be a great way to pay for renovations, tuition, vacations, and more. But, what exactly are your options when it comes to using equity? And what’s involved in the process? What are the pros and cons of using home equity? On this page, we answer all these questions and more so you can take advantage of your home’s equity like a pro.

Home Equity Financing Options

HOME EQUITY LINE-OF-CREDIT

You’ve made a significant investment in your home. Leverage the equity you’ve built to get recurring access to funds you need for improvements or other major purchases. Rates as low as 4.50% APR*.

Learn More About Our Home Equity Line-of-Credit

HOME EQUITY LOAN

Get access to the funds you need for home improvements, debt consolidation, or any other need by leveraging the equity in your home. Rates as low as 4.75% APR*.

Learn More About Our Home Equity Loans

Getting Started With Home Equity

Home equity is the difference between your home’s current market value and your mortgage balance. So if you’ve paid down your home loan and your home has increased in value, you’re probably sitting on a nice chunk of change. 

Click below for home equity basics:

What You Must Know About Home Equity Financing

Pros & Cons of Home Equity Lines & Loans

Is a Home Equity Loan/Line Good or Bad Debt?

Home Values Are Up & So Is Your Equity

How Housing Market Trends Impact Your Home Equity

A young couple is standing in front of their home considering home equity options.

How To Use Home Equity Financing

You can use your home equity loan or line of credit to finance just about anything you want, from major projects to daily expenses. Keep in mind that if you use the funds to pay for significant home improvements, the interest may be tax deductible. 

Click below to learn more about using your funds:


Everything You Should Know About HELOCS

Home Improvements with the Best Returns

The Top Cheap Home Improvement Ideas For Your Home

Home Improvements to Increase Equity in Baltimore

Most Common Ways To Use Your Home Equity

How Much Can I Borrow From My Equity (Calculator)

How To Find The Best HELOC Rates in Maryland

A man and woman are using tools to renovate their home thanks to a home equity line of credit.

Additional Home Equity Information

Find out more about our home equity rates and products. Choose the best option for your needs and use the funds to achieve your life goals, create a financial safety net, and add value to your home through improvements.

Home Equity Rates

Enjoy competitive rates on your home equity financing and choose to pay your closing costs or have AFFCU cover them for you.

Home Equity Loans

Get a lump sum payment of cash and repay the funds in equal monthly amounts over a term of up to 15 years. Fixed rates mean budgeting is easy!

HELOCs

Get a line of credit to use over a 5-year draw period and only pay interest on the funds you use. Choose a repayment period of 5, 10, or 15 years.

Want To Learn More About Your Home Equity Options?

Tapping into your home equity involves doing a little math. You need to make sure your home has gained enough value to give you access to the funds you want. Luckily, our experts are here to offer advice about the best home equity option for you and your family – and we can run the numbers for you, too!

Talk To Our Experts