HOME EQUITY PRODUCT COMPARISON

Choose the Home Equity product that's right for you:

Features Home Equity Loan Home Equity Line of Credit
Type One-time funding Line of Credit can be reused when balances are paid down.
Uses Home improvements, tuition, auto, vacation, debt consolidation or anything you choose Home improvements, tuition, auto, vacation, debt consolidation, emergencies or anything you choose
Access to Funds Single check made payable to you Access checks you can write like your regular checks
Terms Principal and Interest payments amortized up to 15 years Interest-only payments during 10-year revolving period, then principal and interest payments during 15-year repayment period
Interest Rates Fixed Variable based on Wall Street Journal Prime Rate
Amount you can borrow Up to 75% of your home's equity* Up to 75% of your home's equity*
Tax deductibility Tax deductible in most cases* Tax deductible in most cases*

Ready to get started?  Request a loan application, or call or visit the First Bank location nearest you.


*Consult a tax advisor regarding the deductibility of interest. Maximum loan-to-value in California and Florida is 70%.