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Home Equity Line of Credit

Put your equity to work toward home improvements, debt consolidation, or other major purchases with a Home Equity Line of Credit (HELOC). Withdraw funds as you need them, and only pay interest on that portion of the line you use during the draw period.*

In addition to using a HELOC for debt consolidation and home improvements, you may also use it to purchase a new home. You can use the Purchase HELOC for your primary residence.

Product Features:

  • Low variable interest rate
  • Line of credit is a reusable source of funds
  • Interest-only mortgage payments during draw period*
  • Link to checking for overdraft protection

Product Benefits:

  • Interest may be tax deductible**
  • May be able to borrow up to 90% of your home's value
  • Easy access to your credit line with First Tennessee credit card or checks
  • No closing costs for lines over $25,000***

Other Resources

 See Terms and Conditions  

Before consolidating debt, you should consider all factors including the costs of refinancing compared to the benefits.

* See Key Facts About Interest Only Home Equity Lines of Credit.

** Consult your tax advisor about interest deductibility. Interest may not be deductible for loans with LTV greater than 100%.

*** $500 Commitment Fee for lines less than $25,000
All loans subject to credit and collateral approval. Geographical restrictions apply.


  • Utilize our home and mortgage calculators
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Federal Deposit Insurance Corporation Banking products and services are provided by First Tennessee Bank National Association. Member FDIC. Equal Housing Lender Equal Housing Lender.
All loans subject to credit approval.