FirstBank & Trust
Home Equity Installment Loan

Fund your passion with a Home Equity Installment Loan

Home Equity Installment Loan Offer

Home Equity Installment Loan Offer

 

Fund Your Passion with a Home Equity Installment Loan

Whether it’s navigating the great outdoors, kicking your favorite dish up a notch with your culinary skills, furnishing your living space with just the right look and feel or anything in-between, FirstBank & Trust is here to help you.

  • Refinance your mortgage with a new, low rate up to a 15-year term
  • Remodel your kitchen or fund another home improvement project
  • Purchase a new vehicle
  • Finance a family vacation
  • Pay for a life changing event like a wedding, college tuition, or a new nursery
  • Consolidate high interest debt like credit cards into a lower fixed rate
A Home Equity Installment Loan uses the equity in your home as collateral to borrow a lump sum for an approved amount. This loan has a fixed term and a fixed interest rate, and will not change over time.
What’s the difference between a Home Equity Installment Loan and a Home Equity Line of Credit?

Both loans use the equity in your home as collateral, so what’s the difference? A Home Equity Installment Loan is a fixed term loan with a fixed interest rate. The borrower will receive the lump sum of the amount they are approved for, and then will pay it back with a fixed term and fixed interest rate. A Home Equity Line of Credit (HELOC) is a revolving credit line similar to a credit card. The borrower can draw money on the HELOC, pay it back, and then draw on it again if they choose.

A Home Equity Installment Loan might be a better option if you have a larger project that you know the cost of up front. A HELOC is a good choice if you aren’t sure when or how much money you need. If you do not draw money from your HELOC, you do not have to make any payments.

 

Speak With One of Our Loan Experts

 

Deanne Hayes

NMLS #1696011
Email Deanne
563.589.2117

Michelle Hager

NMLS #1223973
Email Michelle
563.589.2116

Dee Crist

NMLS #718441
Email Dee
563.587.3987

Carissa Seeley

NMLS #1716854
Email Carissa
563.587.4054

Tina Kirschman

NMLS #539809
Email Tina
815.637.7009

Holly Bertucci

NMLS #1605025
Email Holly
815.777.0663

Kim Bittner

NMLS #509213
Email Kim
815.963.2161

Judy Meehan

NMLS #503633
Email Judy
815.963.2168

Nicole Morig

NMLS #1736889
Email Nicole
815.637.7861

Mary Pohl

NMLS #502666
Email Mary
815.489.2155

Justine Gallegos

NMLS #1432176
Email Justine
505.831.8117

Lisa Beaulieu

NMLS #907309
Email Lisa
575.935.3131

Lesley Harelson

NMLS #1949603
Email Lesley
505.663.3815

Carrie Taylor

NMLS #539907
Email Carrie
505.946.2507

Fita Marquez

NMLS #539897
Email Fita
505.830.8377

Michelle Vasquez

NMLS #1530378
Email Michelle
505.830.8191

Oscar Trevino

NMLS #843564
Email Oscar
480.610.3920

Nicci Carpenter

NMLS #542973
Email Nicci
480.844.4546

Vanessa Montoya

NMLS #883161
Email Vanessa
480.844.4514

Miles Miley

NMLS #742565
Email Miles
480.595.4973

Dominic Paxinos

NMLS #543066
Email Dominic
406.777.7810

Jolene Bradstreet

NMLS #543048
Email Jolene
406.751.7062

Ashlyn Strange

NMLS #1651612
Email Ashlyn
303.460.4733

Angel Houpt

NMLS #1009401
Email Angel
303.567.2697

Emily Born

NMLS #773727
Email Emily
970.855.0701

Dayana Garcia

NMLS #1804270
Email Dayana
970.855.0531

Delga Madrigal

NMLS #1651609
Email Delga
303.365.3663

Matthew Long

NMLS #935625
Email Matthew
303.215.4320

Kim Webb

NMLS #1041994
Email Kim
720.873.3776

Alicia Gilbert

NMLS #1273292
Email Alicia
303.365.3869

Danielle Culver

NMLS #1450679
Email Danielle
303.365.3711

Julianne Cords

NMLS #1572085
Email Julianne
952.841.9336

Sue Ellen Toppings

NMLS #1935785
Email Sue Ellen
952.746.3385

Regina Esquibel

NMLS #421472
Email Regina
913.234.2403

Tracy Snow

NMLS #166952
Email Tracy
816.548.4054

Doug Jones

NMLS #1172799
Email Doug
913.234.2203

Nayri Anwaya

NMLS #725497
Email Nayri
559.256.6434

Sabrina Ostrowski

NMLS #746570
Email Sabrina
559.642.0635

Rosario Moran

NMLS #995203
Email Rosario
805.464.5494

Keith Dron

NMLS #743339
Email Keith
805.547.2565

Pamela Beery

NMLS #746568
Email Pamela
209.966.5444

Nique Dalise

NMLS #1880664
Email Nique
806.788.2803

Starla Paschall

NMLS #1770787
Email Starla
806.776.6876

Contact Us to Get Started

Get Started Now
Through Video Banking

Talk to your banker live, face-to-face with video banking through your laptop or mobile device. Apply for a Home Equity Installment Loan with our help every step of the way. Have a question? Just ask!

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Video Banking is available:

Monday - Friday: 8:30 a.m. - 7:00 p.m. CT
Saturday and Sunday: 9:00 a.m. - 12:00 p.m. CT

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1The Annual Percentage Rate (APR) shown is accurate as of 04/14/2021 for up to a 15-year Fixed Rate loan with a Loan-to-Value (LTV) of 80%. Payment example: 180 monthly principal and interest payments of $333.47 assuming a $50,000 loan and 2.50% APR. Your APR may be higher and will be based on your credit qualifications, loan amount, and the location and type of property. Payments shown do not include taxes or insurance. The actual payment obligations may be greater. APRs for LTV 80%-90% may be as low as 3.25% APR. Stated APRs include a 0.25% discount for automatic payment from a FirstBank & Trust checking account. Maximum LTV on loans greater than $500,000 is 70%. Maximum loan amount of $2,000,000. Origination fee waived; customer is responsible for third-party fees. Promotion is not valid on home purchase loans. Rates and terms are subject to change without notice. Rates are fixed after consummation. Contact lender for details. Limited time offer. Normal underwriting guidelines apply, subject to credit approval.

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