Let your home’s equity work for you. Our home equity loan allows you to take a second mortgage out on your home and use the funds for almost any purpose. Your home equity loan can be for an amount up to 100% of your home’s equity depending on the type, with terms of up to 20 years.
Whichever Home Equity Loan product you choose, there are some powerful benefits. Home Equity Loans can be used for any purpose, including financing a wedding, purchasing a new car, paying for college, making home improvements or just paying off higher rate debts. The best part is most Home Equity loans are tax deductible. Of course, you will need to check with your tax adviser to see if you qualify for the tax advantages. Home equity loans are one of the lowest cost resources you have as a homeowner. Talk to Family First today about how a Home Equity Loan can benefit you.