When Life Changes, a Home Equity Line Can Help!
Remodel your Home
Fund College
Consolidate Debt
Whether it's to remodel your home, fund college, or consolidate debt ~ your dream is within reach.
Affordable payments ~ Easy online access ~ Flexible repayment schedule!
For borrowers that don't know exactly how much they want to borrow, or who would like to have a line of credit available for a variety of needs over time, our Home Equity Line of Credit fits many needs. A HELOC, as the home equity line is often called, provides:
- A variable rate of interest based on the Prime Rate
- 120-month draw period requiring interest only payments on the balance outstanding; then a 240- month subsequent repayment period with principal and interest payments required
- A low annual fee of $50 to maintain the line for the term of the line of credit
Consult a tax advisor regarding the deductibility of interest.
If you are not sure which alternative might work best for you, please contact a home equity line specialist by calling (815) 459-2000 or click on the "Apply Now" button below to begin the process today!
