Harness the Power of Homeownership

Utilizing a Home Equity Line of Credit

Home price appreciation in the United States continues to remain strong as we roll into 2021. On a recent Freddie Mac Federal Home Loan Mortgage Corporation (FHLMC) webinar one of the exhibits showed that over 60% of states are experiencing double digit appreciation rates which included several non-coastal states. As a matter of fact, the FHLMC webinar highlighted the State of Idaho with the highest appreciation rate, (based on their data calculations), of 21%.

In 2020, homeowners took advantage of the low interest rates, with many also capitalizing on the opportunity to utilize their equity for their financial goals. 2021 still offers those same low interest rates, but with another year of appreciation. That allows the consumer the ability to utilize Home Equity Lines of Credit (HELOC) for a variety of financial reasons. Whether it is for college tuition, a home improvement project, investment purposes, or a variety of other reasons, a HELOC can offer a consumer a way to use their home’s equity without refinancing what already maybe a low interest rate first mortgage that was just done recently.

First International Bank and Trust is your source for competitive products including HELOCs that enable you, our customer, the ability to achieve your financial goals through the power of homeownership. You should check with a financial professional whether a HELOC is right for you and then speak with one of our many experts to tailor the right solution for you.