Informational Videos - Apply for a Home Equity Loan with First Merchants

VIDEO TRANSCRIPT

You've worked long hours to pay for your home. And over the years as your family has grown, so has your home equity. And now, maybe you need to buy a car, do home improvement or pay off credit card debt or a student loan. A First Merchants Home Equity Loan is the flexible, low-interest option for any major purchase or expenditure. Our home equity loans typically have a much lower interest rate than using a credit card and you can usually get a larger loan amount than through using other loan options. Now, about those credit cards: if you have revolving debt on multiple credit cards, a First Merchants Home Equity Loan lets you consolidate debt and move forward with a single monthly payment at a lower fixed interest rate, which over time could save thousands of dollars in interest charges. And your interest may be tax deductible. To learn how you could put your home equity to work for you, schedule an appointment with a banker today and ask about our home equity loans.