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Equity Loans

• Personal • Loans • Equity Loans

Take Advantage of Your Home Equity

There's so much you can do with a Home Equity Loan or Line of Credit.*

Use the equity in your home to pay for more than just projects around the house.

  • Consolidate debt
  • Pay for education
  • Buy a new car
  • Take a vacation

Our home equity lines support your financial needs. And, if you prefer a fixed monthly payment and term - we offer a fixed rate loan option.

Plus, with an easy application process, either option is a great solution to pay for the things you need, when you need them.

We Can Help You Decide Which Option Is Best!

Apply in person or for your convenience, an application can be completed and printed below.

Home Equity Line of Credit
Home Equity Term Loan

Mortgage Loan Originators

Bank of Bourbonnais

NMLS# 787548

Michelle Marie Kroesch
NMLS# 797839

Shannon Elizabeth Wilke
NMLS# 937342

Home Equity Line of Credit (HELOC)

A Bank of Bourbonnais Home Equity Line of Credit, or HELOC, lets you use the equity you’ve built in your home to set up an equity line account with a variable rate and interest-only payments. You decide when and how to use your money. For more information, visit us today.*

  • Competitive variable rates
  • Access your credit when you need it
  • Interest only payments

Please read the following disclosure(s):

Ready to Apply?

*All loans subject to credit review and approval.

A couple vacationing in the Netherlands

Home Equity Term Loan

A home equity term loan, sometimes referred to as a home equity installment loan, is an alternative to our variable rate lines of credit. We also offer fixed rate loans with fixed payments and terms. A fixed rate and a predictable monthly payment can help you budget as you work toward your financial goals. Please visit us for more information.*

  • Fixed rate
  • Receive loan proceeds in a lump sum
  • Fixed monthly payments (principal and interest)

Please read the following disclosure(s):

Ready to Apply?

*All loans subject to credit review and approval.

Plans for a kitchen renovation

Bank of Bourbonnais

Big enough to serve you but small enough to know you!

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