What is Home Equity?

Generally, equity is defined as the difference between the current value of your home and the balance you owe on all your mortgage loans. With an Astoria Federal Home Equity Loan or Line of Credit, you may be eligible to borrow up to 90% of the value of your home.

Why Home Equity?

If you currently own a home, condo or co-op and need funds for home improvement, to consolidate high-interest debt or to cover a major purchase, a Home Equity Loan or Line of Credit from Astoria Federal could be the perfect solution. No matter which one you choose, you'll get low rates and fast answers! You'll find that using the equity in your home is a smart way to finance life's many needs. Use your equity line or loan for:

Low Rate Financing

- Home Improvements
- Major Purchases, such as a wedding, boat or car
- College Tuition
- Unexpected Events

Saving Money

- Consolidate High Interest Debt- Why pay more than you have to?
- Tax Advantages- Home Equity Loans and Lines may be fully tax-deductible. Consult your tax advisor for more specific details.

Please click on "More Info" to receive details about Home Equity Loans and Lines of Credit at Astoria Federal and view legal disclosures.

We're Here to Help...

Our Home Financing Professionals will be there every step of the way to make it easy for you. We'll help you select the right mortgage program from a variety of affordable mortgage options and take the time to explain each step of the process to you. Simply click on "Ask The Expert" to send us an e-mail, call us at 1-800-537-4888, or click on "Locations" to find the branch nearest you to arrange a free one-to-one consultation, whenever and wherever it's convenient for you. We look forward to working with you!