Home Equity Loans

A home can be a lot of things, from a cozy setting to entertain to a safe place for kids to play. But with the help of First Colorado, it can also be a source of financial relief. Turn the equity in your home into affordable financing for college tuition, home improvements, and more! Take out a lump sum loan to pay for one-time needs or open a home equity line of credit to cover recurring costs. Either way, the interest you pay might be tax deductible* — so you can make even more of your money. Contact us today to find the option that’s right for you!

Summary
  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Helpful, customized service throughout the entire process
Home Equity Line of Credit (HELOC)
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified First Colorado checking account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing
  • Helpful, customized service throughout the entire process

*Consult a tax advisor.

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