Home Equity Loan
Features & Benefits
Rest easy knowing your loan payment is both predictable and affordable. Your budget won't have to budge.
Build your emergency fund with this additional savings. Arizona Financial's home equity loans don't require an annual fee.
Pocket this extra savings! You'll pay no closing costs or fees when you apply for a Home Equity Loan from Arizona Financial.
You'll be congratulated, not penalized if pay off the remainder of your loan early.
What is a Home Equity Loan?
An Arizona Financial Home Equity Loan allows you, the homeowner, to borrow up to 80% of the value of your home, minus what you still owe on your mortgage.
The money will be delivered as one lump sum, and it should be paid back over the agreed-upon term or number of months. This flexible solution can be used for anything!
- Remodel or repair your home
- Consolidate your debt
- Pay for educational expenses or medical bills
- Cover an unexpected large purchase
- Take the trip of a lifetime
Debt Consolidation is Possible
If you're overwhelmed with debt and worried about which bills your next paycheck may cover, you're not alone. Covering only the minimum payments for numerous credit card bills or outstanding expenses can sometimes feel like you're treading water. There is good news, a home equity loan can help!
- Regain control of your finances and your financial future
- Minimize your monthly bills and consolidate them into one easy manageable payment
- Consider the potential savings of consolidating your debt into a lower-interest home equity loan payment
Not sure if a home equity loan is right for you? Contact us to discuss your unique situation, we are happy to help!
Peace of Mind with Debt Cancellation
When the unexpected happens, paying the bills can become a real burden. Make sure you and your family are protected with a debt cancellation plan from Arizona Financial!
- Covers your monthly payments or pays off your loan
- Protects your credit rating during difficult times
- Provides income during involuntary unemployment
Ask us about debt cancellation when applying for your loan or contact us for details.
They got my HELOC approved and ready for signing in under two weeks. The process was incredibly fast and easy, from the initial call to turning in the needed documents, to signing. Overall, a very good experience!
Home Equity Loan Resources
Home Improvements for Every Budget
Find ideas for home improvements no matter what your budget may be.Read More
Tapping Into Your Home’s Equity: Top 4 Uses of Home Equity
Discover the various ways you can utilize your home's equity.Read More
What Does a Prime Rate Increase Mean to Me?
Discover how the prime rate can have an impact on how much money you have left over after your bills each month.Read More
If I have bad credit, can I qualify for a loan?
Arizona Financial reviews a number of factors before making a decision on the loan, including credit and each member’s unique situation.
If you would like to discuss the details of your current financial picture before applying, simply call our loan experts at 602-683-1730.
How long does the Home Equity Loan process take?
Typically, a Home Equity Loan process can take anywhere from 2-4 weeks. The time frame depends on your response to requested documents and is reliant on the title process.
It's wise to coordinate proof of insurance and provide proof of income when applying to assist in speeding up the process.
Do I need to update my insurance declaration?
We're excited to handle your home equity loan or line of credit and, yes, we require you to add Arizona Financial as a mortgagee to your insurance policy.
Does my rate stay the same throughout the loan?
Yes. Home equity loans carry a fixed rate through the entire term of the loan with loan term options up to 240 months.
In comparison, a home equity line of credit typically has an interest that will fluctuate over time.