Home Equity

Home Equity & Check Reserve

Home Equity Line of Credit

Unlock the potential of your equity with the Achieve Independence Home Equity Line Of Credit. Get money when you need it at rates as low as Prime.* For all of your ongoing borrowing needs, you can't beat our Home Equity Line. You can draw on your Line of Credit for those big expenses like Tuition, Home Repairs, that New Kitchen, Hospital or Nursing Home Bills and then make your payments on the amount you've drawn from your Credit Line. You can pay the line down or off entirely and then reuse it as you see fit.
It's that simple!

• Line amounts from $25,000 to $250,000
• No application, maintenance or transaction fees
• We pay your Closing Costs**
• Access to Credit Line for up to 15 years.
• Quick Approvals.
• Tax savings***.

* The home equity line of credit Annual Percentage Rate (APR) may change monthly and will equal the Wall Street Journal Prime Rate plus ?% (5.75% APR as of 3/1/05). The maximum APR in DC/MD/VA will not exceed 24%. Rates are subject to approved credit. Rates may also depend on Combined Loan To Value (CLTV) and use of the automatic debit feature from an IFSB checking account. Combined Loan To Value (CLTV) calculations are based on the borrower's first and second lien amounts and the appraised market value of the property. Maximum CLTV is 90%. Borrower must have property insurance. Available for residences in the District of Columbia, Maryland and Virginia.
** You may be responsible for Closing Costs if you close your account within 3 years. Costs vary based on credit line amount.
*** Interest may be 100% deductible. Consult your tax advisor.

HOME EQUITY LOANS

A No Hassle Application. Fast and Thoughtful Credit Approval. A Fixed APR.* One Fixed Monthly Payment. No maintenance, transaction or application fees. You get the Tax Savings.**
5, 10, and 15 Year Terms.
With our Home Equity Loans you can get your funds in a single check or by an Electronic Transfer to any account you designate. If you make your payments with automatic debits from your IFSB checking account you get .25% off our everyday low rates!

* Annual Percentage Rate is the cost of credit. As an example, for a loan of $10,000 the monthly payment for a 15 year term at 6.25% APR is $85.74. Contact one of our Loan Professionals for current rates or visit www.ifsb.com.
** Interest may be 100% deductible. Consult your tax advisor.
† Loan To Value (LTV) calculations are based on the borrower's first and second lien amounts and the appraised market value of the property. Borrower must have property insurance. Available for residences in the District of Columbia, Maryland and Virginia only.

CHECK RESERVE

Check Reserve is a personal, flexible unsecured Line Of Credit that you access with a check, debit card or ACH transaction. You make the transaction for more than the balance in your IFSB checking account, and then we transfer the money from your Check Reserve to cover it.
Your monthly statement shows you your activity, the balance, your available credit and the minimum payment due.
You may pay the line down, or off completely at any time and then reuse it as you wish. It's there when you need it.