The Money You Need Now

Borrowing against your home's equity is an easy way to use the investment you've already made to access funds for large expenses, things like renovations, repairs or even college tuition. Whether you're repairing your home's roof or renovating your master bathroom, MAX provides Home Equity Loans and Home Equity Lines of Credit to help you finance your needs.

Flexible Funds

A MAX home equity line of credit is an open-end loan, so you can advance anytime during the loan, and qualified borrowers enjoy no closing costs and no annual fees.*

*Certain restrictions apply. 

Ways to Draw

  1. Make a transfer via MAX Online or Mobile Banking
  2. Call our myMAX Service Center at 334.260.2600 or 800.776.6776
  3. Visit one of our convenient branches
Use our Calculators to help plan your next step.



Speak with a knowledgeable MAX financial consultant about how you can harness the power of your home's equity.

Jennifer Wadsworth , MAX Sales & Service Manager NMLS 681882

MAX Employee

Compare Features


  Home Equity Line of Credit
(Interest Only)
 Home Equity Line of Credit
How To Apply  We make it simple. You can apply online, call the myMAX Service Center, or visit the branch location most convenient to you!
 We make it simple. You can apply online, call the myMAX Service Center, or visit the branch location most convenient to you!
Benefits  The MAX Home Equity Line of Credit is an open-end loan, so you can advance anytime during the loan. MAX also issues checks for the loan.
 The MAX Home Equity Line of Credit is an open-end loan, so you can advance anytime during the loan. MAX also issues checks for the loan.
Rate Structure  Variable rate
 Variable rate
Product Features  Revolving line of credit secured by equity; Advance against the loan
 Revolving line of credit secured by equity; Advance against the loan
Product Features  The length of the draw period is five years and may be renewed annually thereafter. The length of the repayment period is fifteen years and runs concurrently with the draw period.
 The length of the draw period is five years and may be renewed annually thereafter. The length of the repayment period is fifteen years and runs concurrently with the draw period.
Prepayment  No penalty
 No penalty
Closing Cost MAX will cover all closing costs as long as an initial $10,000 advance is made and a $10,000 balance is maintained for 18 months

 		 Member must maintain a minimum balance of at least $8,200 for the first 12 months for MAX to cover fees.

Access to Funds You can access your line of credit via myMAX Online & Mobile Banking, MAX branch locations, JennyMAX®, and/or checks.
 		 You can access your line of credit via myMAX Online & Mobile Banking, MAX branch locations, JennyMAX®, and/or checks.
Interest may be tax deductible  You should consult a tax advisor regarding the deductibility of interest and charges for the line. 
 You should consult a tax advisor regarding the deductibility of interest and charges for the line.
Payment Calculations  The monthly payment is interest only.
 The minimum monthly payment is 1.5% of the current principle balance.
Late Charge  The late charge is 5% of the payment due.
 The late charge is 5% of the payment due.
Billing Cycle  The sixth (6th) of each month to the fifth (5th) of the next month.
 The sixth (6th) of each month to the fifth (5th) of the next month.
Minimum Rate Change  Maximum of 2% on initial rate change after special rate period, then 1% monthly thereafter
 1% per rate change cycle
Minimum Annual Percentage Rate  The minimum annual percentage rate will be the "current" prime rate with a floor rate of 4.00%.
 The minimum annual percentage rate will be the "current" prime rate plus any applicable margin, with a floor rate of 4.00%.

For qualified borrowers. Certain restrictions apply. Equal Housing Lender.

APR=Annual Percentage Rate. Promotional rate of 2.50% APR for the first 12 months of the loan. APR for all transactions and balances will be based upon your contracted rate which will be a variable rate based upon The Wall Street Journal prime rate which was 4.25% as of 6/15/2017, but will never be more than the maximum APR (Annual Percentage Rate) of 18% or less than 4.00%. This is a variable rate loan. Your loan has a balloon payment. At the end of the loan term, any balance remaining will have to be paid. Most consumers with a balloon note refinance their loan before the final balloon payment becomes due. A minimum outstanding balance of $10,000 must be maintained for the first 18 months to avoid closing costs. Closing costs may range from $115-$1500. This convenient line of credit is available when you need it and the interest may be tax deductible. Consult your tax adviser about the deductibility of interest and other closing costs. Home owners insurance required. For qualified borrowers, certain restrictions apply.




Locate a Home Equity Loans Consultant Near You.

At MAX, we aim to help you achieve financial success.

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