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Home Equity Credit Lines

If you’re considering making improvements to your home, consolidating high interest debt or looking for ways to pay for your child’s college education, you may be able to use funds from your home's equity to cover the costs. Midwest BankCentre has the home lending solutions to best fit your family's needs and budget. 

A Midwest BankCentre Home Equity Line of Credit (HELOC) provides you with the flexibility of borrowing funds as you need them.

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Home Equity

Credit Line1
Write checks to pay expenses as needed; you only borrow as much as you actually need
Funds available on an ongoing basis
Variable interest rate 2
Interest may be tax-deductible 3
5-year term
No closing costs
No appraisal fees

1. Property insurance is required. Rates and terms are subject to change.
2. This is a variable loan product. The Annual Percentage Rate will never exceed 20.00%.
3. Consult a tax advisor regarding the deductibility of interest.

Additional resources:
FAQs about Home Equity Accounts

We welcome the opportunity to help you make sound decisions about which personal banking products will benefit you. Contact us today! 

NMLS #685869

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