Home > Personal Banking > Consumer Loans > Home Equity Loan
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A Home Equity Loan from The Farmers Bank has plenty of advantages including no annual fee, application fee, appraisal fee, or title fee!
If you have a specific project or need in mind, just let us know how much you need to borrow. We'll set up a home equity term loan for that amount, with monthly installment payments that fit your budget. At The Farmers Bank there's never an annual fee, application fee, appraisal fee, or title fee on a Home Equity Loan.
What is a Home Equity Loan?
A Home Equity Loan is a financial product that allows a borrower to use the market value of a home as collateral for a loan.
Flexibility Advantages!
You can use your Home Equity Loan for anything now, or in the years to come! Here are a few ideas to get you started:
- make home improvements
- buy a new car
- take a long awaited vacation
- consolidate bills
- pay for school tuition
- and much more!
Low Interest Rate Advantages!
Because your credit limit is tied directly to the equity in your home, the interest rate on those funds borrowed is very attractive.
Tax Advantages!
Home Equity Loans still share the same tax advantages as mortgage loans. This means you could possibly deduct up to 100% of your interest payments on your Home Equity Loan from your taxes. As always, confirm the deductibility of this interest with your tax advisor.
Whether a Home Equity Line of Credit or Traditional Home Equity Loan sounds best for you, stop by one of convenient offices today for an application. Property insurance may be required. |
Home > Personal Banking > Consumer Loans > Home Equity Loan
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