Our fixed rate, fixed term home equity loan is a one-time loan advance that is paid back over a set period of time, and with a fixed interest rate the calculated payments are the same each month during the term of the loan.
We invite you to stop by one of our centers, or call and let us show you how we can make borrowing money easy for you.
- No payments for up to 90 days*
- Fixed terms up to 180 months
- Fixed rate feature
- Up to 90% of home value*
- Interest may be tax deductible*
Frequently Asked Questions
Q. Are there any closing costs?**
A. Financial Center will pay all closing costs for the establishment of your Home Equity Loan.
Q. Is it tax deductible?
A. You should consult a tax advisor regarding the deductibility of the interest and charges you pay under this home equity plan.
Q. Can I apply over the telephone?
A. Yes, we can take the application over the telephone and schedule an appointment for you to bring in the necessary items to finish your application. Contact our Mortgage Department at 317.916.7700.
*Subject to underwriting guidelines. Rates may vary depending on the amount borrowed and the equity in your home. Property insurance is required. Indiana residents only. Borrower's primary residence only. Consult your tax adviser regarding deductibility of interest.
** Your account requires title, appraisal, flood and recording fees. These closing costs will be paid by Financial Center. If the loan closes within 24 months, you will be required to reimburse Financial Center for closing costs.