FDIC-Insured – Backed by the full faith and credit of the U.S. Government
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.
Mortgage Loan Originators
Bank of Bourbonnais
NMLS# 787548
Michelle Marie Kroesch
NMLS# 797839
Shannon Elizabeth Wilke
NMLS# 937342
Anchor
We Can Help You Decide Which Option Is Best!
Apply in person or for your convenience, an application can be completed and printed below.
or
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.
AnchorHome 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.