Everything and the kitchen sink.

Common sense says to use the tools that you already own such as the equity in your home. With a home equity loan or line of credit (HELOC) from Bank Midwest, you have the power to cover large expenses like home improvements, funding education or paying medical bills in an affordable way.  With so many ways to use the equity in your home, you can get everything you need. 

 

Home Equity Term Loan

A loan secured by the equity on your home or property. You’ll receive the lump-sum proceeds when your loan is closed. You can use the proceeds of the loan to pay for college expenses, home improvements or to refinance.

 

Home Equity Line of Credit

A reusable line of credit secured by the equity on your home or property. With a line of credit you have access to your funds when you need them, like a credit card, but with lower interest rates. The perfect solution for home improvements, paying medical bills or even paying off high-interest credit card debt.

 

Compare the features and benefits of our Home Equity Loans and Home Equity Lines of Credit

 

You’ll also need:

 

Ready To Apply for a Home Equity Loan?

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Compare Benefits

No closing costs1

Home Equity Line of Credit
Home Equity Term Loan
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No annual fee

Home Equity Line of Credit
Home Equity Term Loan
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Maximum loan-to-value2

Home Equity Line of Credit

90%

Home Equity Term Loan

90%

Funds accessibility 

Home Equity Line of Credit

Online banking
By phone
At a banking center
Checks we provide

Home Equity Term Loan

Lump sum at closing

Application process

Home Equity Line of Credit

Apply online
Apply at banking center

Home Equity Term Loan

Apply online
Apply at banking center


1No closing costs on loans up to $250,000. 2Maximum Loan-To-Value is subject to credit score and overall collateral approval.