Home Equity Loan
Where are you going to get the money for your dream kitchen? Easy... from your current kitchen. More precisely, it's the equity you have in your home that can provide the funds.
No matter what your home improvement project is, your equity provides access to low-cost financing. To make it even better, interest is typically tax deductible and you can save even more with automatic payments.
- Summary
- Competitive rates
- Home equity reduces interest rate
- Interest is typically tax deductible*
- Stability of fixed rate, fixed term, fixed payments
- Quarter-percent rate reduction for automatic payments
- Local decision-making
- Streamlined process
- Personalized attention at every step
*Consult your tax advisor for tax advice.
- Auto Pay
This free, automated service not only makes loan payments easier than ever, it actually reduces your loan expense.
- Loan payment automatically deducted from First Federal checking or savings account
- Interest reduced by quarter-percent*
- Reduced interest reduces your monthly payment
- You select the payment date**
- Free and convenient
- Assured payment protects your credit rating
*¼ percent rate reduction only available at loan origination on auto, boat, recreational vehicle, personal unsecured loan, and home equity fixed rate mortgages with an automatic deduction from a First Federal deposit account. Consult your Financial Service Representative and/or Lender for more information.
**From the payment date up to the last day of the grace period.
You may also be interested in:
Visa Credit Cards
Tell Me More
Certificates of Deposit (CDs)
Tell Me More
