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First National Bank and Trust Company is pleased to announce
our new Home Equity Line of Credit product.
The Home Equity Line of Credit (HELOC) is a revolving
loan that allows you to use the equity in your home to
borrow money.
It works the same way as a credit card account in that you
can borrow, pay back, and borrow again but at a lower
interest rate than most credit cards.
The HELOC can be
used to purchase a vehicle, pay off credit card debt, for
home improvements, educational expenses, vacation, or
whatever you may want.
One big advantage of a HELOC over a credit card or
installment loan is that the interest you pay on it may
be tax deductible*.
Please call Weldon, Josh, Jo, or Vicky to see how a home
equity line of credit can benefit you.
*Consult your tax advisor about the deductibility of
interest
Our lending area is limited to DeWitt County in the State of
Illinois.
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