Home Equity Loans

home equity loans image

Turn the equity in you home into a resource that works for you.

Use the equity you have built up in your home to do the things you want. You might also want to order your Credit Report to make sure you’re in good standing. Then, call us at a local branch. We’ll get back to you right away with the answer you need.

We offer the following types to suit your borrowing needs:

Adjustable Rate Home Equity Loan

  • Loan for a specific amount and term
  • Adjustable rate with adjustable payment amount (see rates for current pricing)
  • Flexible terms available (5,10,15 Years)
  • Maximum CLTV 80%
  • Useful for one-time purchases or events, such as consolidating bills or buying a boat
  • Apply at your local branch or online

Smart Home Equity Loans

Adjustable Rate Smart Home Equity Loan

Fixed Rate Smart Home Equity Loan

Home Equity Line of Credit

  • Adjustable rate loan (see rates for current pricing)
  • Term of 25 years (10 year draw period and 15 year repayment)
  • Maximum CLTV of 80%
  • Apply once and receive a pre-approved credit line
  • Borrow what you need, when you need it
  • Take an advance any time using the Internet Branch or by writing a check
  • Useful for ongoing expenses, such as home improvement projects or college education
  • Apply at your local branch or online

Smart Home Equity Line of Credit

  • Adjustable rate loan (see rates for current pricing)
  • Term of 15 years (5 year draw period and 10 year repayment)
  • Maximum credit limit of $ 75,000.00
  • Maximum CLTV of 80%
  • Maximum CLTV of 80%
  • Borrow what you need, when you need it
  • Take an advance any time using the Internet Branch or by writing a check
  • Useful for ongoing expenses, such as home improvement projects or college education
  • Apply at your local branch or online

Home Equity products can be used to:

Choose an Adjustable Rate Home Equity or a Home Equity Line of Credit and enjoy the following benefits:

  • No closing costs (Except where state and/or county mortgage filing tax is applicable)
  • Interest may be tax deductible (Consult your tax advisor)
  • You may be able to borrow up to 80% of the equity in your home

If you have any questions or would like further information on applying for an ABE Mortgage or Home Equity Loan, please consult our Real Estate Lending Officer at (516) 763-7515 or send a message through our Secure Contact Us Form