Home Equity Line of Credit Program
Declare your financial independence
A Home Equity Line of Credit makes it easy to get the cash you need for home improvements, big-ticket items, or major life events - whenever you need it.
Through the AIG Bank HELOC Program, the First Choice Home Equity Line of Credit features some of the most competitive rates in the nation and a no closing cost option2. In many cases, the interest you pay is tax deductible.* And unlike many other home equity loans and mortgages, you pay no application fee.
A home equity line of credit, also called a HELOC, is a smart way to pay for important expenses large and small. Some homeowners use a home equity line of credit instead of a traditional first mortgage to give them flexibility and control over how they pay down their home loan. You can even use it to pay off your high-interest credit cards or other high interest loans.
Borrow as much or as little as you need with a home equity line of credit, up to your available credit line. You may draw money at closing to pay off existing loans or deposit into your bank account and shortly after closing you will receive a book of checks that you can use. Simply write a check for the amount you need, when you need it. If you prefer, you can transfer cash directly into your bank account. Either way you will only make payments on your outstanding balance.
A home equity line of credit from First Choice with no closing costs is easy to use…and easy to open. To learn more, speak with a dedicated loan specialist or complete an online rate request form.
