Home Equity Loans
With First American Bank, residents in Illinois, Indiana* and Wisconsin* can obtain some of the best home equity loans around. This convenient financing can be used for just about anything -- from home repairs and improvements to college tuition. It is also a great way to pay off higher interest loans and credit card debt. The loan's interest may be tax deductible**.
First American Bank Home Equity Loan Options
Line of Credit |
Draw against your pre-approved credit limit as needed with a variable rate based on the line limit. |
Fixed Rate Home Equity Loan |
Select the certainty of fixed monthly payments. With this loan, the interest rate or payments won't fluctuate. And the fixed payment schedule of both interest and principal means there'll be no large payment due at the end of the term. |
* In Indiana: Porter and Lake counties. In Wisconsin: Kenosha, Walworth and Racine counties.
**Please consult your tax advisor.