Use Your Home's Equity
With every payment you make on your mortgage loan, you build equity in your home. Your home’s equity can be a valuable financial tool that you can use for financial flexibility. There are two options you have when using your home’s equity:
- Home equity loan: This is a lump sum loan that offers a fixed monthly payment throughout the loan's term.
- Home equity line of credit: This is a revolving line of credit that you draw on as needed. As you repay what you borrowed, it becomes available to use again.
Contact the lending team at American Community Bank to learn more about how your home’s equity can be put to use for you. We’re here to help!
How Can I Use My Home’s Equity?
The beauty of using your home’s built up equity is it offers you options. The ways you can use a home equity loan or line of credit are nearly endless. Some of the most common uses for a home equity loan or line of credit include:
- Consolidating or paying down your existing debt
- Funding home improvement projects
- Paying for an unexpected or emergency expense
- Financing your child’s college education
Contact Our Personal Lenders
Erin Hott
Loan Officer
NMLS: 1379970
Location: Schererville Office
Phone: (219) 440-5990
Michael Pastrick
Loan Officer
NMLS: 1539355
Location: Schererville Office
Phone: (219) 440-5990
Brian Wieser
Loan Officer
NMLS: 1576094
Location: Schererville Office
Phone: (219) 440-5990
Todd Williams
Senior Vice President, Lending
NMLS: 552314
Location: Schererville Office
Phone: (219) 440-5990