HOME
EQUITY LINE OF CREDIT
First
Resource Bank will provide you with the ability
to tap into the value of your personal residence
with a line of credit.
Home Equity Lines of Credit will have:
no
application fee
no
closing costs
no
recording costs
no
other hidden expenses
low
floating interest rate at Wall Street Journal
Prime plus 1.00% See
Loan Rate Schedule
payment
that is interest only for ten years
ten
year period in which you can borrow and
repay the money
ten
year term to the loan.
credit
limit up to 80% of the value of your personal
residence
floor of 5.00%
Customer
Identification Notice
In
accordance with Section 326 of the USA
Patriot Act. Applicants for new accounts
are requested to provide current picture
identification that verifies identity
including name, address and other identifying
information
In
some case, identification will be requested
for current account holders if original
documentation was not obtained with the
opening of the account. In all cases,
protection of our customers identity and
confidentiality is our pledge to you.
We
proudly support all efforts to protect
and maintain the security of our customers
and our country.
You
must agree to the following 2 disclosures
before you can download the Home Equity
Application:
