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 Determine

Which Option Is Right For You!

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

Mortgage Loan Originators

Bank of Bourbonnais NMLS #787548

Michelle Marie Kroesch             Shannon Elizabeth Wilke

NMLS #797839                        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.*

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 predictable monthly payment can help you budget as you work toward your financial goals.  Please visit us for more information.*

Please read the following disclosure(s):

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Home Equity Line of Credit*

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

Home Equity Term Loan*

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

*All loans subject to credit review and approval.