***Due to localized flooding, FLNB Liberty, Dayton, Hardin, and Huffman will be opening at 10am on Friday, September 20, 2019. 

Many of the surrounding roads are being closed by local and state officials.  We hope you all are staying safe.  Our thoughts and prayers are with those being affected by this tremendous amount of rain. 

Home Equity Loans

Purchase, Refinance, Home Equity.... One click for all your mortgage needs. 

What is a home equity loan? 
A home equity loan is a loan that uses your home as collateral. Your home equity is a part of your home that you actually own and this is the guarantee for your loan. 

Your home equity is calculated by taking the current value of your home and subtracting your mortgage. For example, if your home is worth $150,000 and you have a $100,000 mortgage, you have $50,000 of equity in your home. A home Equity loan allows you to borrow money using your equity of $50,000 as security for the loan. 

A home equity loan, often called a second mortgage, reduces your equity or ownership in your home. Since your home guarantees your loan, if you default on the payments, you can lose your home. 

What can I use my loan proceeds for? 
A home equity loan can be used for anything from paying off high-interest credit card debt, to home improvements to buying a car. 

Here are some advantages for staying with your locally owned and operated Bank: 

Come in and visit with one of our loan specialist. 

Dayton Financial Center 

Liberty Financial Center