First Bank of Owasso


Home Equity

A home equity loan can be used for home improvements and updates, building a swimming pool, consolidating debts, or for any other personal loan needs.  Home equity loans can be a first or second mortgage with a loan term of up to 15 years.  Closing costs are generally less than standard conventional mortgage loan fees, and there are no prepayment penalties. 

Our home equity line of credit loans have a five-year draw period and you can use the funds for making home improvements, remodeling or updating your home, building a swimming pool, consolidating debts, or for any other personal loan needs.  You can access the credit line anytime with convenient checks.  Our home equity line of credit loans offer competitive variable interest rates with no annual fees, minimum draws or prepayment penalties.   

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