Franklin First Federal Credit Union Blog

Category: Access Home Equity

Mortgage Rates Are Dropping; Should I Refinance?

Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage loan, often at a lower interest rate. It may sound like a no-brainer, but there are many factors to consider before moving forward with a refinance.

What’s The Best Way To Finance A Home Renovation?

Whether you’re gutting your entire kitchen or turning your basement into a home theater, we’ve got you covered! As a Franklin First FCU’s member, you have several choices when it comes to funding a home renovation. And we want to help you find the right one for your specific needs.

What is Home Equity?

Equity is the difference between the market value of your home and the amount that you still owe on your mortgage. The equity in your home will increase as you pay your monthly payments.