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Home Equity Loans

HOME EQUITY LOANS

You can reach your dreams.

Home Equity Loans, Home Equity Lines of Credit and Bridge Loans

Put your home’s equity to work for you with a home equity loan from Lake Area Bank. Home Equity loans can help maximize your borrowing power. Whether you are making home improvements, consolidating debt, or taking the vacation of a lifetime, a home equity loan 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 home equity loan, 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 Loans

A home equity loan is advisable if you already have plans for your money. Budgeting is easy with fixed monthly payments for the term of the home equity loan. Additionally, you choose financing terms between 5-20 years to fit your budgeting needs.

Lake Area Bank provides competitive rates and flexible repayment options. Prepayment is allowed at any time without penalty — and we offer fast credit approvals with prompt and personalized service!

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. The 10-year availability, along with competitive rates and no closing costs*, make this a very affordable loan option. If you prefer to have ongoing credit available, a home equity line of credit is your best choice.

10-Year Term Availability     Competitive Rates     No Closing Costs*

*Appraisal credit of up to $175 and all other closing costs paid by Lake Area Bank.

Bridge Loans

A bridge loan is transition financing allowing you to access equity in your existing home to use as down payment on a new home purchase. Typically, this occurs when a homeowner enters into a purchase agreement on a new home before their existing home sells. A Lake Area Bank bridge loan allows the homeowner to borrow up to 80% of the appraised value of their existing home.

Contact Lake Area Bank to discuss loan options best suited for your situation.

The following is a list of our NMLS registered Location Managers.

Need a Mortgage?

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.

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    From time to time, we provide links to other websites for the use of our customers, which have been compiled from internal and external sources. By clicking “continue” below, you will be opening a new browser window and leaving our website. Although we have reviewed the website prior to creating the link, we are not responsible for the content of the site.