The AIG Bank Home Equity Line of Credit Program
The AIG Bank Home Equity Program makes it easy to get the cash you need for home improvements, big-ticket items, or major life events - whenever you need it.
This Home Equity Line of Credit features some of the most competitive rates in the nation and a no closing cost option2. In many cases, the interest you pay is tax deductible.* And unlike many other home equity loans and mortgages, you pay no application fee.
* Consult your tax advisor regarding the deductibility of interest.
2 No Closing Cost Option: First Choice will provide a credit for all closing costs for a Home Equity Line of Credit when the qualified borrower selects the No Closing Cost Option. The maximum Home Equity line amount to qualify for the No Closing Cost Option is $200,000 for first liens and $100,000 for second liens. Borrowers must draw or transfer a balance of $25,000 or more at closing for the No Closing Cost Option to apply. The No Closing Cost Option is not available for purchase transactions. The maximum combined-loan-to-value ratio is 70%. All other terms and conditions of First Choice Home Equity Lines of Credit apply. Program may change at any time without notice. The No Closing Cost feature may not be used with any other First Choice closing cost credit or promotion unless otherwise stated.