Home Equity Loan
You don't have to look very far to find a great, low-rate loan; you can find it in your home. A home equity loan from First Hope Bank lets you take advantage of a low fixed rate.*
Utilize that low rate to eliminate debt, pay for home improvements, or make your own unique dream come true!
- Summary
- Very low interest rates
- Interest may be tax deductible - consult a tax adviser
- Loan amount based on equity in your home
- Local decision-making
- Personal service at every step
- Fast application process
- Can be used for debt consolidation
- Save money with lower interest rate
- Bi-weekly payments available
*APR=Annual Percentage Rate. Payments must be auto-debited from a First Hope Checking or Savings Account. Property insurance required. Flood insurance may be required. Loan on 1-4 family owner occupied residence. Subject to credit approval. Rate subject to change without notice. Payment every 14 days on $50,000 borrowed at 3.27% APR for 7 years is $333.04; Payment every 14 days on $50,000 borrowed at 3.68% APR for10 years is $248.98; Payment every 14 days on $50,000 borrowed at 3.62% APR for 15 years is $179.95. First liens only for 15 year loan. First and second liens only for 7 and 10 year loans. Max loan amount is $500,000. Loans over $100,000 are subject to a full appraisal at the customer's expense. Loans over $350,000 require Title Insurance in the amount of the loan at the customer's expense. There is a $60 application fee and a recording fee that varies from state to state and county to county. Inquire to find out the amount of the applicable recording fees for NJ, NY, and PA properties. Higher fees may apply for NY and PA residents. New loans only. First Hope Bank NMLS 460885.
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