If you're looking to consolidate bills, remodel your home or pay for an education, the benefits of a home equity loan might make it the right option for you. A home equity loan provides a specific amount of money for a defined term, with rates that are generally lower than the interest rates on other types of loans or credit cards.
Contact Doug Ferguson, our home equity specialist, for information about getting a secured personal loan.
Doug Ferguson
VP, Retail Lending Manager
Email
217.726.0268
Marine Bank home equity loans offer flexible terms and competitive interest rates that are generally lower than credit cards and other personal loans. You may be able to deduct home equity loan interest payments from your taxes – ask your tax advisor to be sure.
Home equity loans are commonly used for:
- Home improvement projects
- Weddings and large events
- Debt consolidation
- Tuition/Education costs
Home equity application form
Flexible Line of Credit
Another smart option for borrowing is a revolving line of credit. The maximum line you can qualify for is based directly on the equity you’ve built in your home.
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Our Mortgage Loan Team is ready to help make your home-buying process as easy as possible.
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