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Home Equity Loan & Equity Line

Put the value of your home to work for you with a Home Equity Loan or an Equity Line.

View Equity Loan Comparison Chart

Use the Equity in your home for:

Debt Consolidation
Debt consolidation is one of the number one reasons people borrow against their home equity. This can be a wise money management decision if you have credit card and other high interest-rate debt.

  • Potentially reduce your monthly payments1
  • Simplify finances, one payment instead of many smaller ones1
  • Possibly deduct interest on your taxes2

Home Improvement
The equity you have built into your home can be used to make a wide range of home improvements.

  • Build a new addition
  • Upgrade the fixtures and appliances
  • Increase the resale value of your property

College Tuition and Expenses
Your home’s equity can be a helpful resource for financing your child’s education, especially when college grants and loans are not an option or you have more than one child to put through school.

Use one of our calculators to determine how big of an equity line you can receive.

For more information on Personal Finance Options, click here to send us your questions, or contact us at 1-800-946-4178.

All loans subject to approval and acceptable property valuations, if applicable.
1 Refinancing pre-existing debt with a home equity loan or line may increase the total number of monthly debt payments, as well as the aggregate amount paid by a borrower over the term of the mortgage loan.
2 Consult your tax advisor regarding deductibility of interest.

© First South Bancorp, Inc. All Rights Reserved. Member FDIC. Equal Housing Lender.