Flexible HELOC Loan Options

 
Let Us Contact You Call Us: (800) 894-9781

To meet your changing needs, we make it easy for you to customize your First Horizon HELOC loan. You can request convenient credit limit increases, draw period extensions and changes to your terms. Even better, we protect you from costly interest rate increases by allowing you to convert all or a portion of your balance to a fixed rate. This gives you the convenience of a HELOC loan with the security of an installment loan. Converting to a fixed rate HELOC loan can be completed at any time during your draw period (subject to certain terms and conditions). Plus, you can request changes online at any time of the day. Additional benefits for converted amounts include:

  • You won't have to get a new HELOC loan
  • The HELOC loan rate is locked in for a specific term
  • HELOC loan rates are similar to First Horizon's current home equity installment rates of equivalent terms
  • The payment is amortized and consists of principal and interest
  • As you pay down your fixed rate HELOC loan balance, your available line of credit increases
  • No new underwriting decision or income verifications are required
  • Balances on converted HELOC loan amounts can be fixed up to four times
  • To learn more about HELOC loans, see our frequently asked questions

Contact us about increasing your limit, changing your terms or converting a portion or all of your HELOC loans to a fixed rate.

Subject to certain terms and conditions. Modifications subject to credit approval and in some cases execution of modification documents. Other restrictions apply. First Horizon Home Loans is a division of First Tennessee Bank National Association. Member FDIC.

Fixed-rate conversion/commitment fee (FINANCE CHARGE) is $100 for each conversion and is subject to change. Fixed-rate conversion applies to single-family, owner-occupied properties or 2nd homes. (Townhomes or condos are also acceptable.) The original HELOC must be in 1st, 2nd, or 3rd lien position on title. The fixed-rate conversion option does not apply to any HELOC product with a CLTV greater than 100%. Not available on HELOCs that have already been converted to our Loan-in-a-Line offerings. Fixed-rate conversions are not allowed for HELOCs secured by properties in Texas or on HELOCs which have previous past due payment of 60 days or more. Fixed rate conversions are available during the draw period only. Terms, rates, and fees are subject to change, without notice, prior to closing your fixed-rate conversion. Minimum conversion amount is $10,000. Certain restrictions and documentation requirements may apply.



File: dsp_RightColumn.cfm

Expression

Element FHNC_LOCATION is undefined in COOKIE.

The contents of the tag stack are:
1: ?? (377,0) /opt/GenWebSites/www.firsthorizon.com/global/dsp_RightColumn.cfm
2: CFINCLUDE (126,0) /opt/GenWebSites/www.firsthorizon.com/lay/lay_2006.cfm
3: CFINCLUDE (286,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
4: CF_FBX_FUSEBOX30_CF50_NIX (258,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
5: CF_FBX_FUSEBOX30_CF50_NIX (1,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
6: CF_FBX_FUSEBOX30_CF50_NIX (1,0) /opt/GenWebSites/www.firsthorizon.com/fbx_fusebox30_CF50_nix.cfm
7: CFINCLUDE (51,0) /opt/GenWebSites/www.firsthorizon.com/index.cfm

Timestamp: 08/27/2008 at 22:29:39

Server: www.fhel.com