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Home Equity Credit Lines and Loans

If you are 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. Whether you're interested in a Home Equity Line of Credit or a Home Equity Loan, 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.

A Midwest BankCentre Home Equity Loan is a fixed-rate loan with a fixed payment schedule.

Our experienced team can walk you through the process and help you choose a Home Equity that's right for you.

Check out our Home Equity Special Offer!

Home Equity Products:


Credit Line1
Write checks to pay expenses as needed; you only borrow as much as you actually need Funds given to you in one lump sum at the beginning of the loan
Funds available on an ongoing basis 100% of funds distributed at beginning
Variable interest rate 2 Fixed term and interest rate
Interest may be tax-deductible 3 Interest may be tax-deductible 3
10-year term No closing costs
No closing costs 4 No appraisal fees
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.
4. Current APR for the first 5 years is 3.99%; remaining term – Prime +0.50, Floor of 4.25%.

Additional resources:
FAQs about Home Equity Accounts

NMLS #685869

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