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Home Equity Lines of Credit (HELOC)

Your home is more than just a place to hang your hat. It’s also a great source of funds for a range of other needs. If the value of your home has gone up since you bought it, or you’ve paid off a significant portion of the mortgage, you could qualify for a home equity line of credit. Get the money you need to pay for major home improvements, college tuition, and more.

Summary
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • 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 Northern Bank checking account
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing
  • Attentive, friendly service from start to finish
  • Minimum credit line of $25,000
There's no time like the present to get started!