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Home Equity Lines of Credit
You've put money and work into your home; it's time that it returns the favor. A home equity line of credit from First Federal Bank takes the equity in your home and transitions it into financing for several ongoing needs.
Once established, your credit line can be withdrawn at any time without applying for another loan. And as revolving credit, as you repay principal, even more becomes available for use. Best of all, the interest paid might be tax deductible**!
- Competitive rates for several ongoing or seasonal needs*:
- Education costs
- Big events/life changes
- Major home improvements
- Medical expenses
- Emergency reserve
- And much more!
- Tap into the equity in your home to secure financing
- Customized terms that meet your unique needs
- Funds available instantly as needs arise; no need to apply for another loan
- Revolving credit – as principal is repaid, more becomes available for use
- The interest paid might be tax deductible**
- Local decision-making and processing for quick approvals
- Attentive service from start to finish
*Subject to credit approval.
**Consult a tax advisor.