Home Equity Loans
- Perfect if you plan to access the funds all at once when the loan funds.
- Fixed rate Balloon loan provides peace of mind that your payments won’t change during the initial loan term.
- Monthly principal and interest payments.
- Loan amortization for up to 30 years to keep your payments affordable.
Is a home equity loan right for you? Call us at 320-352-5771 to speak with one of our loan officers for more information or to set up an appointment!
Home Equity Lines of Credit
- Ideal when you want to access the funds over a period of time.
- Revolving line of credit for the initial 6 years allows you to advance funds whenever you need them.
- Monthly payments of interest required based on the amount advanced from the line.
- Once the revolving period is over, it will turn into a 10-year installment loan to pay back the principal and interest.
- Variable interest rate that can fluctuate every 6 months based on the Wall Street Journal Prime Rate.
Is the home equity line of credit what you’re looking for? Call us at 320-352-5771 and speak to one of our loan officers for more information or to set up an appointment!