Fixed Rate Home Equity Loans
Add value to your home by making the additions and improvements you've always wanted. Convenient terms are available for up to 15 years with simple interest rates and monthly payments that will not change, which makes for easy budgeting. In most cases, the interest is tax deductible (consult your tax advisor to determine deductibility).

FEATURES

• No pre-payment penalty
• Borrow up to 95% of your home's appraised value
• Loan amounts available up to $100,000 (Loans up to $200,000 available on a case-by-case basis)
• Fixed interest rate
• Flexible terms up to 180 months (15 years)
• Use not limited to home improvements

Check out our Current Equity Loan Rates today. For more information about First Federal's fixed rate home equity loans, visit the banking center location nearest you.

MasterLine Equity Line of Credit
Put the equity you've built in your home to use with a new MasterLine account.

This is an equity line of credit product with greater flexibility than any product we have ever offered. After establishing a "master" credit limit that suits your current and future needs, you still have convenient access to your MasterLine account through the use of personalized checks, but now you have choices of repayment schedules.

You can choose a traditional line of credit repayment schedule with a variable rate of interest; or, you may elect to "lock" all or any portion of your outstanding credit line balance of $7500 or more by modifying the repayment schedule to a fixed rate for a term that you select (you may have as many as 5 fixed rate locks in effect at any one time); or, you may utilize a combination of both types of repayment schedules at the same time. Regardless of what type of repayment schedule or schedules that you elect, the amount of each payment you make (minus interest or fees) is added back into the available balance of your credit line to be used again and again. In most cases, the interest paid may be tax-deductible (consult your tax advisor to determine any limitations on deductibility).

FEATURES

• Master credit limits available up to $100,000 (Lines up to $200,000 are available on a case-by-case basis.)
• Use up to 95% of the equity in your home
• No prepayment penalties
• No minimum limitation on the amount of any draw request
• May exercise an unlimited number of fixed rate lock options - $7,500 minimum
  lock amount and no more than 5 fixed rate lock options in effect at any time.
• Consolidated billing statements provide itemized activity on the line of credit and each
  active fixed rate lock option
• Consult a tax advisor about deductibility of interest

Check out our Current Equity Loan Rates today. For more information about the MasterLine Equity Line of Credit, please visit the banking center location nearest you.

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