First Horizon Bank Home Equity Line Of Credit Review

First Horizon Bank Home Equity Line Of Credit is offered by First Horizon Bank, a bank founded in 1864 and based in Memphis, TN. First Horizon Bank Home Equity Line Of Credit is available in 6 states across the USA.

What are the terms for a First Horizon Bank Home Equity Line Of Credit?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

First Horizon Bank Home Equity Line Of Credit offers home equity loans with a draw period of up to 10 years

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What fees does First Horizon Bank Home Equity Line Of Credit charge for a HELOC?

First Horizon Bank Home Equity Line Of Credit may charge a loan origination fee. Another fee you should factor in is a cancelation fee of up to $500.

What types of property can you use as security for a HELOC with First Horizon Bank Home Equity Line Of Credit?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. First Horizon Bank Home Equity Line Of Credit will consider lines of credit secured by the following property types:

• Primary homes.
• Secondary homes and vacation properties