Home Equity Loan
This loan is the homeowner's access to ready cash. It is the smart, flexible way to get the most out of your home. Now you don't have to go through an application process every time you need a loan, you can "write your own loan" based on the equity in your home. With a First Federal Savings Bank Home Equity Loan, there's one application and one approval - for a continuous line of credit.
Benefits:
- Use your credit anytime - convenient access using your Home Equity Loan Checking account
- Pay interest only for 15 years
- Low monthly payment - you are billed monthly for interest only. You can pay on your principal balance any time
- No prepayment penalty
- Borrow up to 90% of the property value
- Competitive rates - variable interest rate changes only when the prime rate does
- May be used for any purpose
- Interest may be tax deductible (Consult your tax advisor for details)
- Monthly billing statement
Apply for a Home Equity Line of Credit today. Call or visit any of our Branch Offices, or contact any of our Loan Originators for more information.
Contact us for Assistance.
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