HOME EQUITY LOANS
The money you need.
An FCN Home Equity Loan lets you use the equity in your home to secure funds for any good reason:
- Home improvements
- College tuition
- Consolidate/Pay off bills
- Family vacation
- And more!
Sometimes called a second mortgage, a home equity loan is a fixed-rate, lump-sum loan secured by the equity in your home.
HOME EQUITY LOAN OR LINE OF CREDIT?
FCN Bank offers two options that enable you to use the equity in your home for the money you need – a Home Equity Loan and a Home Equity Line of Credit. While they are similar, there are a few primary differences:
|Home Equity Loan||Home Equity Line of Credit|
|Fixed Rate||Variable Rate|
|Fixed Loan Amount||Pre-determined amount to be used when you need it|
|No pre-payment penalty||No pre-payment penalty|
|No annual fee||No annual fee|
The fixed rate and fixed monthly payments of an FCN Home Equity Loan makes it ideal if you know precisely how much you want to borrow and want to know exactly what your repayment schedule and monthly payments will be.
GET THE BALL ROLLING
Apply online for a loan with FCN Bank or talk to one of our mortgage specialists today. We love helping your dreams come true!
FCN BANK LOCATIONS
Online Bill Pay Terms and Conditions
501 Main St.
P.O. Box 37
Brookville, IN 47012
1060 State Rd. 229 N.
P.O. Box 60
Batesville, IN 47006
226 N. Meridian St.
P.O. Box 460
Sunman, IN 47041