While a home equity loan or line of credit can be used for just about anything, the top uses in our area are primarily: Debt Consolidation Home Improvement College Costs Investment Properties The reason that this type of loan is so appealing is that you may be eligible for a tax deduction (consult your tax … Continue reading "Top Uses for Home Equity Loans"

Once you’ve owned a house for a few years and built some equity up, you can borrow against it. This type of loan is called a home equity loan or you can take out a home equity line of credit. While often this type of loan is used for major home improvements and renovations, you … Continue reading "Home Equity Loan vs Line of Credit"

We want to help you make changes for the better in your life—changes you’ve only imagined, but thought you didn’t have the funds to complete. It’s OK—let your imagination go. We’re here to support you with a home equity loan or line of credit, no matter what your dream.

At First Source, we put our highest premium on you, our Members. Our whole job is about supporting you in your dreams, no matter how big or small. We really value your feedback, so it’s especially rewarding and humbling when a Member takes the time to let us know they appreciated something we did for … Continue reading "A Dream, Answered"

We get lots of questions about Home Loans and our resident expert, Mary Beth Geglia will be sharing the answers to some of the most common ones with us on the blog. What is a Home Equity Line of Credit (HELOC) and what are good uses for it? A Home Equity Line of Credit is … Continue reading "What’s a HELOC? How Would I Use One?"