Put the equity in your home to work for you with a home equity loan from First Bank of Berne. A home equity loan may be the financing option for you if you are looking to make a large one-time purchase or want to consolidate a specific amount of debt.
- Multiple repayment terms available
- Minimum closing costs
- Utilizes equity in existing property
- No PMI (Private Mortgage Insurance)
HOME EQUITY LINE OF CREDIT
Stay financially flexible with a home equity line of credit from First Bank of Berne. With a line of credit you can borrow and repay on a revolving basis giving you access to money you need for emergencies, large purchases or the unexpected.
- 10 year term
- Low closing costs
- 24/7 access to funds via on-line banking
- Utilizes existing equity in your home
- No PMI required
- Interest only payments (only pay interest on what you use)
- No annual fee & no prepayment penalty
- Interest may be tax deductible (contact your tax advisor for details)
- Can be used as overdraft protection on your First Bank of Berne checking account