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SecureLine is truly a "HOME GROWN" account
created by the joint efforts and hard work of our local
officers and staff. We at First Security Bank wanted a
home-equity account that offered something more than just
a line of credit. We wanted a special account that would
give benefits and convenience for years to come. SecureLine is a straightforward account with no gimmicks
or teaser rates. SecureLine gives you a personalized line
of credit based on the equity you have in your home.
You’ll have cash whenever you need it for whatever
reason you need it - without ever applying again. All
you’ll have to do to access your SecureLine is write
a check. |
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Frequently
Asked Questions |
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 What does SecureLine Offer? |
[TOP] |
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Possible Tax Savings on Interest
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Immediate access to funds for any reason
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No further loan applications
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Telephone transfers of funds to your checking account
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Check payment guarantee at another bank
- Loan interviews after banking hours
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Personalized SecureLine Checks
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Lower Interest Rate
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Why should I apply for a
SecureLine Account? |
[TOP] |
Under the tax laws, deductions for consumer interest
(interest paid on credit cards, charge accounts, and auto
loans) are no longer allowed on your Income Tax Return.
Interest on your residence is still possibly deductible
on loan amounts up to the initial cost plus improvements
of the residence with a maximum of $100,000. Always
consult a tax consultant about the deductibility of
SecureLine interest.
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Is SecureLine Flexible? |
[TOP] |
You bet it is! This line of credit creates a loan only
when you use it. Your SECURELINE can be used over
and over again (up to your available line of credit)
without re-submitting another loan application. You can
make major purchases, get cash, use your credit anytime
for any reason.
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How can I estimate my
potential dollar account of SecureLine? |
[TOP] |
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Here is a simple calculation you can do right now to
estimate the credit line you may receive.
EXAMPLE:
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Appraised value of your home |
$50,000 |
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80% |
40,000 |
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Less Current balance of first mortgage |
-20,000 |
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Equals potential amount of SECURELINE |
$20,000 |
The only sure way to know if you qualify, and how much
you qualify for, is to apply for a SECURELINE
ACCOUNT.
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How can I access my
SecureLine? |
[TOP] |
After approval, you’ll receive a personalized
SecureLine checkbook. Then whenever you want to use your
funds, you simply write a check. No one knows that
you’re using your line of credit but you. You can
even transfer funds by telephone from your SECURELINE TO
YOUR FIRST SECURITY BANK CHECKING ACCOUNT. We’ve
built convenience into every inch of SECURELINE.
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What will my payments be? |
[TOP] |
2% of the monthly statement balance, but not less than
$50. You can pay more than this amount per month.
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How can I apply for
SecureLine? |
[TOP] |
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Send an e-mail or come by the
Main Office on Highway Six and Eureka or the Power Drive
Branch on Highway 6 East or a First Security Branch in Como, Crenshaw,
Hernando, Marks, Olive Branch, Robinsonville, Sardis, Southaven, or Tunica.
You can call:
| Batesville |
(662) 563-9311 |
| Como |
(662) 526-5191 |
| Crenshaw |
(662) 382-5215 |
| Hernando |
(662) 449-4115 |
| Marks |
(662) 326-8053 |
| Olive Branch |
(662) 895-1994
(901) 521-7780 |
| Robinsonville |
(662) 363-5015 |
| Sardis |
(662) 487-1661 |
| Southaven |
(662)
893-3243 |
| Tunica |
(662)
363-2311 |
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Ask for any of our loan officers. The value of
your home can be determined quickly with an appraisal and
after a credit check, you can enjoy the many advantages
of the credit line established with your SecureLine
account.
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