Home Equity Loan
Tap into Your Home’s Equity
You’ve put a lot of time, energy, and money into your home. Now put its equity to work for you with a FirstCapital Bank of Texas home equity loan. A versatile source of funds, you can use yours to renovate your home, consolidate debt, pay for college, buy a new car, and even take a dream vacation. With our home equity loan, you’ll enjoy:
- Generous loan amounts.
Borrow up to 80 percent of your home’s appraised value in total loans. Want to use the loan to fix up your home? Consider our Home Improvement Loan and borrow up to 85 percent.
- Competitive fixed rates.*
You’ll have peace of mind knowing your interest—and monthly payment—will remain the same throughout the term of the loan. Your interest may even be tax deductible, consult your financial adviser to learn more.
- Flexible terms of available five, 10 or 15 years.
Choose a monthly payment you’re comfortable with and no prepayment penalty.
- Personal attention—and fast answers—from your FCB banker.
We’ll review your completed application and provide a conditional decision within one to two business days. Then we’ll work directly with you throughout the process so it runs smoothly from document preparation to closing.**
If you’re ready to put your home’s equity to work for you, print and complete the Home Equity Loan application and return it to your local FCB branch.
*Estimated Example: A loan of $20,000 for 15 years at a simple interest rate of 6.24% would yield a payment amount of $171.42 per month and an annual percentage rate (APR) of 6.35%. This example payment amount does not include taxes and insurance, so the payment amount will be higher. Please consult your tax adviser about the loan interest that may be deductible. Rates are subject to change. Contact a personal banker for current rates.
**A 12-day cooling off period is required by Texas law before home equity loans may be closed. There is also a three-day right of rescission after closing before the funds may be disbursed.