HOME EQUITY LINES
You can reach your dreams.
Home Equity Lines of Credit
Put your home’s equity to work for you with a home equity line of credit (HELOC) from Lake Area Bank. Home Equity lines can help maximize your borrowing power. Whether you are making home improvements, consolidating debt, or taking the vacation of a lifetime, a home equity line of credit is an accessible and affordable way to accomplish your goals. It’s a great way to get the credit you need. . . when you need it.
With a Lake Area Bank HELOC, you can borrow up to 80% of the equity in your home. Put your home to work for you right now. Apply by visiting any of our convenient locations.
Home Equity Line of Credit (HELOC)
A home equity line provides maximum flexibility to use your credit line when you want, in any increment, for just about any purchase. Payments are calculated based only on what you’ve used. If you prefer to have ongoing credit available, a home equity line of credit is a great option. A Lake Area Bank Home Equity Line of Credit (HELOC) offers:
10-year variable rate draw period followed by a 15-year amortized term
Up to 3 fixed rate lock options on balances advanced for 5, 10 or 15 year terms during the 10-year draw period*
Competitive Rates
No Closing Costs**
* Minimum amount to lock into a fixed rate is $10,000.00. $50 Lock fee per lock.
**Appraisal credit of up to $180 and all other closing costs paid by Lake Area Bank.
Contact Lake Area Bank to get started with a HELOC today!
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Visit our Lake Area Mortgage division for additional mortgage needs including a new home purchase, refinance or construction loan!
Additional Services
Other products and services offered by Lake Area Bank.
