|
Click here to Apply Now for your Home Equity loan!
Purchase, Refinance, Home Equity.... One click for all your mortgage needs.
What is a home equity loan?
A home equity loan is a loan that uses your home as collateral. Your home equity is a part of your home that you actually
own and this is the guarantee for your loan.
Your home equity is calculated by taking the current value of your home and subtracting your mortgage. For example,
if your home is worth $150,000 and you have a $100,000 mortgage, you have $50,000 of equity in your home. A home
Equity loan allows you to borrow money using your equity of $50,000 as security for the loan.
A home equity loan, often called a second mortgage, reduces your equity or ownership in your home. Since your home
guarantees your loan, if you default on the payments, you can lose your home.
What can I use my loan proceeds for?
A home equity loan can be used for anything from paying off high-interest credit card debt, to home improvements to buying a car.
Here are some advantages for staying with your locally owned and operated Bank:
- Low closing cost
- Fast loan decisions
- Face to face contact with your loan offer
- No out-of-state letters or phone calls to get answers to any questions.
Come in and visit with one of our loan specialist.
FLNB Investment Services - Securities and insurance products provided by
PrimeVest Financial Services, Inc. Primevest Financial Services, Inc. is an independent,
registered broker-dealer. Member SIPC/FINRA. Securities and insurance products offered by
PrimeVest: * Not FDIC insured * May go down in value * Not financial institution guaranteed
* Not a deposit * Not insured by any federal government agency.
*Insurance
products or annuities are offered through FLNB Insurance Agency, Inc. The
insurance product or annuity is not a deposit or other obligation of, or
guarantee by, First Liberty National Bank or FLNB Insurance Agency, Inc. The
insurance product or annuity is not insured by the Federal Deposit Insurance
Corporation (FDIC), any other agency of the United States, First Liberty
National Bank, or FLNB Insurance Agency, Inc. In the case of an insurance
product or annuity that involves an investment risk, there is investment risk
associated with the product, including the possible loss of value.
|