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Home Equity Loans

There is likely something you need right now, a new car, a roof repaired, an additional bedroom, or perhaps a long overdue vacation. As the owner of a home with equity, you have the resource you need to fund these purchases.

A home equity line is an excellent way for homeowners to access money for large expenses immediately and pay for them over a period of time. Also, the line can be used and repaid as many times as you like for the life of the loan. A line of credit is also a great ready-to-use safety net for financial emergencies. At First Bank of Dalton, designing our products around your needs is one of our primary goals. To meet this goal, you can access your line via a custom check, or by calling any of our branches.

The equity in your home is used to secure the loan and the interest on a home equity line is typically tax deductible.* Click here to request more information from our experienced lenders or download a printable application.

*Consult your tax advisor regarding the deductibility of interest.

To report a lost or stolen Visa check card or ATM card during non-banking hours, please call 1-800-500-1044.  To report a lost or stolen Visa credit card call 1-800-423-7503.

NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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