Home Equity Loans
At First American Bank, using your home equity is as simple as writing a check!
By using the value of your home you can use a First American Bank home equity loan for any purchase, such as:
- Home remodeling
- Financing college education
- A new car
- A vacation
- You can even use it to pay off other higher interest debts!
In addition, unlike other consumer credit, you could save even more if you’re able to deduct the interest payments from your taxes! (Please consult your tax advisor.)
Home equity loans are wonderful credit tools, but you may not want to borrow all your equity at one time. You can access your equity as you need it, in a convenient and cost-effective way, with our home equity line of credit.
First American Bank makes it simple. Complete an application and if you qualify, you’ll receive:
- An answer on your loan within 24 hours.
- A competitive variable rate that you pay only when you access your home equity line of credit.
- Credit for ten years for up to 90% of the equity in your home.
- With a First American Bank home equity line of credit, you may be able to deduct up to 100% of the interest payments from your taxes. (Please consult your tax advisor.)
Please call your local First American Bank to discuss the benefits of a First American Bank home equity loan or equity line of credit. First American Bank…helping you succeed.
