 |
| |
Whether you are buying your first home, a vacation home, or sending a child to college, Great Florida Bank has a solution to help you reach your financial goals. |
|
|
| |
|
|
| |
|
|
| |
If you're a homeowner, you might be able to finance important purchases using your home equity while enjoying possible tax advantages¹. The type of home equity solution you choose will often depend on how you plan to use it. |
|
| |
- Home Equity Loan
- Provides your money in one lump sum
- Establishes a payment schedule with a fixed principal and interest amount due over a fixed period of time
- Has a fixed interest rate
A home equity loan makes good sense if:
» You need a specific amount of money for a single purpose, such as an addition to your home
» You want the security of knowing your payment will remain the same during the term of the loan
- Home Equity Line of Credit
- Provides an approved credit limit. Access the funds by check. when you need to
- A variable interest rate tied to Prime² is applied to the outstanding balance to determine your monthly finance charge.
- Your monthly repayment amount varies based on the outstanding balance. You can choose to pay a low minimum amount or the entire balance.
A home equity line of credit may be the right choice if:
» You want to have money available for different reasons over a long period of time
» You want to draw on part of it for a vacation this year and you want some money available to remodel your kitchen or buy a car next year.
¹You should consult a tax advisor regarding interest deductibility.
²The APR will adjust anywhere from 0% to 3% above the prime rate as published in the Wall Street Journal, based on credit qualification. The variable rate for this loan will never exceed 18%.
|
|
|
|
| |
|
|
Equal Housing Lender
