If you own your home and need cash, many tax advisors believe it makes sense to borrow against the equity that's in your home.* With a First Federal Bank Home Equity Line of Credit, you can access your home's equity for whatever reason you choose with the ease of writing a check. In fact, you'll be given convenience checks to use when making purchases or getting the cash you need. Borrow only the amount of money you need when you need it. As you repay the money, it becomes available for you to re-borrow.
With a variety of terms and both Below Prime variable and fixed-rate home equity lines of credit available, we can help you find the loan that meets your financial goals and has payments that fit your monthly budget. Use the money from your home's equity to:
- Reduce higher interest credit card debt
- Add on to your home
- Make home improvements
- Pay college tuition
- Purchase a new vehicle
- Take a well-deserved vacation
Home Equity Loans
Home Equity Loans are fixed-rate second mortgages that provide a set amount of funds to you at one time. Whether you plan to add a room, replace windows or a roof, finish a basement, or even add a swimming pool, we can help tailor a loan to fit your needs and your monthly budget. A variety of terms are available.
*Consult a tax advisor.
