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Home Equity from Bank of Ann Arbor

A Bank of Ann Arbor home equity loan is often a wise choice for financing a new car, home improvements, college tuition and more. The interest on a home equity loan is generally tax-deductible (consult your tax advisor first). Home equity loan rates are usually lower than other types of consumer loans. And with no application fees, no closing costs other than an appraisal or property evaluation and no annual fee a Bank of Ann Arbor home equity loan can keep money in your pocket.

Home Equity Line of Credit

A home equity line of credit, also known as a HELOC, offers a low variable rate on a line of credit that you can draw on again and again. Simply write a check and you have cash from your line. If cash gets tight, your payment can be as low as the interest charge for that month.

For more information on a Bank of Ann Arbor Home Equity Line of Credit, please call us at 734-662-1600.
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