Home Equity Loans and Home Equity Line of Credit

Benefit from Your Home's Equity

Home is more than four walls and a roof, it's where we build memories. Your home may have the potential for even more than memories. The equity in your home can be used as a smart, low-cost way to finance repairs, improvements, major purchases, or special events. ACMG offers low rates and great service on home equity lines of credit and home equity loans in Syracuse and Upstate New York.

Home Equity Loan Options

• Home Equity Loans are fixed rate loans that have the same payment each month for a specific term. Apply online For A Home Equity Loan. We offer a NO Closing Cost Option and discounts for a 1st lien position. Choose from a 5, 10, 15 or 20 year term. 
• Home Equity Line of Credit (HELOC) Loans are a variable rate loan that you access as you need it. The interest rate changes with the prime rate and you borrow at the best rate available at that time. As you pay down your balance borrowed, you increase your available credit for future borrowing. We offer a NO Closing Cost Option with terms of a 10 year draw period and 15 year repayment for a total of 25 years.

Learn More About Home Equity Loans

A good resource to learn more about a HELOC or to connect with a Housing Counselor can be found on the Consumer Financial Protection Bureau (CFPB) website at https://www.consumerfinance.gov/learnmore/   Click to open the brochure titled "What You Should Know About Home Equity Lines of Credit" or the "Locate a Housing Counselor" link in the Mortgage section.

Apply online For A Home Equity Loan

View current rates by clicking here.

 

Speak with a Home Equity Loan Expert in Syracuse and Solvay

Please leave a message or call an ACMG loan officer at 315-488-4433 if you have questions on whether a home equity loan is the best solution for your needs, or to start your application today!

We Do Business in Accordance With the Federal Fair Housing Law and the Equal Credit Opportunity Act.
View information on the Federal Fair Housing Act.

We also offer a NO CLOSING COSTS option. Please ask a loan officer for full details and options.

Home Equity Lines of Credit are variable-rate loans. The interest rate changes with the prime rate, so your rate could increase after the loan is closed. Periodic rates are computed using 12 billing cycles per year. The maximum rate that may be imposed is 18%, and the rates listed do not include fees. Estimated fees could range between $340-$2250. ACMG does not offer a fully administered escrow program.

ACMG follows the standards for licensing and registration established by the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act). Our registered Mortgage Loan Originators are: Jeanine M. Kavney (794981), Derrick Reed (1268034), Amy Sherwood (671456), Lena Mangovski (1589439), Meghan Birmingham (2176224) and Christine Mineo (2117849).

HOME MORTGAGE DISCLOSURE ACT NOTICE
The HMDA data about our residential mortgage lending is available for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of this data, send a written request to 1753 Milton Avenue, Solvay NY 13209.