Could you use $15,000 CASH?
| Home Improvements | Debt Consolidation |
| College Tuition | Vacation |
| Auto or Boat Purchase | Just about anything you can think of |
Frequently Asked Questions
How much can I borrow?
The loan amount available to you will vary depending on your credit history and the equity in your home.How do I know if I qualify?
You must own a home. That's It! If you have this covered you qualify!What is the difference between a second mortgage and an equity line of credit?
A second mortgage is a closed end installment loan which is amortized over a certain number of years. The equity in your home is used as security against the amount of the second mortgage.An equity line is an open line of credit that can be used and reused for a specific period of time. This equity line is also secured against your home. Your payment and the interest charged are based on the outstanding balance. Usually, equity lines have a variable interest rate.
I don't have a perfect credit history, will I still qualify?
Second mortgages are available for all types of credit histories, including late payments, collections, and even prior bankruptcies. Your interest rate may be higher, and the percentage of your home that may be financed may be limited. On the other hand, home equity lines of credit require good to excellent credit.What will my interest rate be?
Your interest rate will depend on your credit history and the program you choose. Generally, the better your credit, the better your rate.What will it cost me to apply for a loan?
It will cost you nothing for a preliminary approval. An appraisal fee may be required to receive a final approval. As with any mortgage, there will also be closing costs. These costs vary depending on the program, and a Loan Consultant can estimate these costs for you. Closing costs may be rolled into the loan amount.How do I apply for a loan?
Call a First Financial Loan Consultant and apply by phone. It takes less than a week to find out if you are approved.As always we welcome you to phone us with any questions or comments that you may have and if you're in the area please stop by and say "Hi".
130 Scruggs Road, Suite 203
Moneta, VA 24121
Phone: (540) 721-0010 or Fax: (540) 721-0285
Toll Free: (800) 804-0808
