Home Equity Loans are another great source to tap into your property's equity.  Through FCFC, you have access to several different equity loan programs:

HELOC - Home equity line of credit - This type of mortgage can first a first or second mortgage and normally has a floating interest rate (ex: Wall Street Prime Rate + 1.000%).  Payments are calculated at the time your monthly statement drops and are based on your current principal balance and interest rate.  This account is just like a credit card, once the balance is paid down, the loan can be increased up to the loan limit at any time without having to refinance again.  There are no prepayment penalties and you can access up to 100% of your home's value with this program.  Closing costs for these loans range from $ZERO to 1.00% of the Loan Amount.

Fixed Term Second Mortgage - This program allows you to borrow up to 100% of the value of your property and receive terms with fixed rates and payments for the entire term of the loan.  Typical terms are between 10-30 years.