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A home equity loan is a loan secured by the equity in a home. Equity is the value left when you subtract the debt on your home from the fair market value of your home. In other words, the price you paid for your home minus the remaining mortgage you have.
With a First National Bank Home Equity Loan, you can consolidate debt or pay for major expenses. Home equity loans give you the security of a fixed-rate payment on principal or interest for the life of the loan and a steady repayment schedule.
Contact one of our Home Equity Loan Specialists today!