The Equity Access Line of Credit is similar to the Home Equity Loan in that you borrow against the equity in your home, but it provides a greater flexibility in your borrowing, allowing you to borrow all, or any part, of the line now or in the future. Once the line is established, you can write yourself a check up to the limit of the credit line at any time. The line can then be paid down and reused. Maximum term of 10 years.
Monthly payments are flexible - adjusting with the outstanding balance.
Rates apply to owner-occupied residences only. All loans are subject to credit approval, acceptable collateral and available equity. Alaska Pacific Bank Loans are available on property located in Southeast Alaska.