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| HOME EQUITY |
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Thinking of remodeling? Or maybe finally going on that big vacation? How about just consolidating that debt in to one low monthly payment?
Whatever you need or want to do, taking advantage of the equity in your home can make it all possible for you.
With a Franklin BankEquity Loan you'll get:
- Fast approval - in many cases we'll give you same day approval
- Convenience - apply over the phone if you wish
- Low monthly payments
- Rates that are lower than credit cards and other types of consumer loans
- Tax benefits*
SMART LOAN: The
intelligent choice in home equity loans
The SMART home equity loan is simply a revolving line of credit that's great for getting the cash you need, whether it's now or down the road. The money is instantly available. Simply write a check!
- Rates adjust after the first 24 months then annually thereafter**
- Borrow up to 100% of the equity in your home*
- Convenient and flexible access to funds by check
- Fast answer on your application
- Interest may be tax deductable*
- The flexibility to use your home equity credit line however you choose, over and over again as you repay
- Low monthly payments
FIRST CHOICE Home Equity Line of Credit
This is another way of getting a line of credit based on your home's equity. Interest rates for First Choice are variable and change monthly based on the Prime.
- A great monthly variable interest rate tied to Prime
- Borrow up to 100% of the equity in your home*
- Quick approval process
- Convenient and flexible access to funds by check or debit card
- Interest may be tax deductable*
- The flexibility to use your home equity credit line however you choose, over and over again as you repay
- Low interest-only monthly payments
FIXED TERM Home Equity Loan
This is a traditional home equity loan that's great if you need a lump sum of cash and you're not interested in opening a line of credit.
- Low, fixed monthly payments
- Borrow up to 100% of the equity
in your home*
- Competitive, affordable interest
rates available in a variety of terms
- A fast answer on your application
- Interest may be tax deductable*
- Convenience of getting all
your money at once, to use as you choose
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*Subject
to approval. Consult a tax advisor regarding deductability
of interest. Property insurance required.
** We lock in the initial interest
rate for three years. So while the Prime may go
up, your SMART Loan interest rate won't budge
for three years. At the end of the period any
new interest rates are again locked in for three
years.
*** Balloon payment may be required.
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The benefit of Franklin's
online banking system is that it not only offers:
o History of account activity
o Ability to do transfers
o Ability to e-mail Franklin Bank
o Stop Payment Requests
BUT WHAT SETS FRANKLIN BANK APART FROM OTHER LOCAL BANKS?
o Real Time Balances!
o Images of checks written!
o Images of checks deposited!
o You can re-order checks!
o You can set up additional users!
o You can customize the access levels of the additional users as necessary!
o And more to come!
So why wait, sign up today!
For more information
on the Franklin Web Banking system, contact our
Electronic
Banking Services department.
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