Cash in on your timely payments and handy improvements when you use the equity you've built in your home to secure a home equity loan. We count the value of your home in your favor to free up cash beyond your walls. Get relief from your debt, get an idea off the ground, or just get out of town for a while. Whatever you do, get a competitive rate and flexible terms to make sure your next move makes sense.

Details
  • Secure funds with the equity you've built in your home
  • Competitively low interest rates
  • Loan amount based on the value of your home
  • Use funds for practically any purpose
  • Interest may be tax deductible*
  • Local Southeast Illinois loan decisions
  • Flexible terms to fit you and your family
  • Sincere, hometown personal service

*Consult a tax advisor.

Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) works just like a home equity loan. Use your home's equity to secure funds for any purpose — only instead of overshooting the loan amount you need, you determine how much you borrow with each purchase. Plus, you only pay interest on what you spend!

  • Competitive rates for several ongoing or seasonal needs:
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly during the loan term
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily accessed via online banking, mobile banking, check, or over the counter
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local Southeast Illinois loan decisions
  • Flexible terms to fit you and your family
  • Sincere, hometown personal service

*Consult a tax advisor.