If you are thinking about making home renovations, taking a vacation or consolidating some debt, a home equity line of credit might be for you. A home equity line of credit, or HELOC, is secured by your home and allows you to access the available equity you have in your home. It features a revolving line of credit so you can enjoy a ready cash reserve that is available whenever you need it, and interest paid may be tax deductible.
Call or stop by today to speak with a First Bank Mortgage Loan Specialist about which loan option may be best for you.
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Consult your tax advisor regarding interest deductibility.