Home Equity Loans
The First EquiLoan Account
The First EquiLoan Account is similar to the First Advantage Home Equity Line of Credit Account in that credit is loaned to you using the same lendable equity formula in your primary residence. However, it is a more traditional loan because it offers the security of a fixed monthly payment with a fixed interest rate over a specified time period. With these disciplined monthly payments, you will be able to budget your payments accordingly without the worry rates suddenly rising and changing your payment amounts. You’ll find the First EquiLoan Account useful for lump sum, short term expenses such as home improvements, purchasing an automobile, or consolidating other bills with higher interest rates. Add on the potential to deduct interest paid, and The First EquiLoan Account is a smart way to meet your financial goals.