Put Your Home's Equity to Work - On Your Terms
Looking for smart ways to use your home's value? At First State Bank, we make it easy to access your equity for renovations, tuition, debt consolidation, or major expenses. With our cash-out refinance and home equity loan options, you can turn your home into the financial resource you need.
Cash-Out Refinance vs. Home Equity Loan - Which Is Right for You?
Cash-Out Refinance (First Mortgage)
A cash-out refinance replaces your existing mortgage with a new one while giving you access to cash from your home's equity. Benefits include:
- One monthly payment for mortgage and cash needs
- Potential for a lower interest rate than other loans
- Long-term financial stability and simplicity
Perfect if you want to refinance your mortgage and tap equity at the same time.
Home Equity Loan (Second Mortgage)
A home equity loan allows you to keep your current mortgage and take out a second loan based on your home's value. Benefits include:
- Keep your existing mortgage rate
- Access funds without refinancing your entire loan
- Fixed payments for predictable budgeting
Ideal if you're happy with your mortgage but need funds for home improvements, debt consolidation, or big expenses.
Ready to Put Your Home's Equity to Work?
At First State Bank, we make it simple and personal. Whether you need a cash-out refinance in Texas or a home equity loan to fund your goals, our team is here to help.
Apply for a Home Equity Loan Today
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