Home Equity Loans and Lines of Credit
Put your home's equity to use with a home equity loan or line of credit. Our lenders will work with you to find out which product will work best for your needs. We offer both fixed and variable interest rates.
Home equity products can be used for many purposes, including home improvements, college tuition and car purchases. They also can be low-cost loans because the interest rate is usually lower than credit cards.
The equity refers to the difference between what is owed to the mortgage lender and the current market value of the property. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.
First Central State Bank will develop a personalized financial plan to assist you in meeting your financial needs.