Home > Personal Banking > Consumer Loans > Home Equity Line of Credit
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A Home Equity Line of Credit from The Farmers Bank has plenty of advantages including no annual fee, application fee, appraisal fee, or title fee!
If you'd like to have cash you can count on, right when you need it, then a Home Equity Line of Credit is perfect for you. You can establish your own personal line of credit before any need arises; which allows you to conveniently access the credit line (for a minimum advance of $100), at your discretion - for whatever you want! At The Farmers Bank there's never an annual fee, application fee, appraisal fee, or title fee on a Home Equity Line of Credit.
Flexibility Advantages!
You can use your Home Equity Line of Credit 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 Lines of Credit 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 Line of Credit 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 Line of Credit
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