Home equity loans to access wealth

A home equity loan is generally an additional mortgage on your property. Home equity loans let you tap into your home’s value for cash.

To determine your home’s equity, subtract the amount you owe on all of your outstanding mortgages from the current value of your house. For example, if your property is valued at $150,000 and you owe $100,000, your home equity is $50,000.

Home equity loans can be issued as a lump-sum amount or as a revolving line of credit that you can borrow against as needed.

Comments are closed.

First Financial

First Financial® Corporate Headquarters: 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center:  Main: 1-800-315-7791 Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

First Financial® is a Federally Registered Trademark

©2020 First Financial®, All Rights Reserved. All other products and company names are trademarks of their respective companies.