Home Equity Line of Credit

Property Ownership Gives You Advantages

As a homeowner, you have an investment in real estate that can provide economic benefits for you well into the future. But home ownership can also open the door to financial advantages for you today. With a home equity line of credit from American General Financial Services, you can tap into substantial buying power to meet other financial needs including home improvements, important purchases, college tuition, and medical or other expenses.

How It Works ...

A home equity line of credit allows you to establish a line of credit based on the difference between the appraised value of your home and the amount still owed on it. This financing option offers you several advantages:

• Lower interest rate: Because the loan is secured by the equity in your home, you typically get a much better rate than you could with an unsecured consumer loan or credit card.
• Immediate access to funds: You can pay for purchases as you make them using the convenience of checks. You avoid the additional paperwork, delay, and cost involved in taking out a new loan every time you make a purchase.
• Affordability and flexibility: You can access your credit whenever you need it. As long as you make the minimum monthly interest payments, you can repay the loan principal as you wish. No matter how much credit you have, you only pay interest on the amount you use.
• Possible tax advantages. Interest payments on your home equity line of credit may be fully tax deductible. Consult your tax advisor to find out about the potential tax benefits that you may realize.

Call or drop by your local American General Financial Services office today and speak with one of our financial specialists to find out how a home equity line of credit can work for you.*

How Do I Apply?

Apply online or contact the branch nearest you.

*All loans subject to our normal credit policies. Home equity lines of credit are not available in Texas.