You worked hard to build equity in your home, now let that equity work hard for you. Finance life's major milestones using the equity built within your home as collateral to secure a competitive rate. You have the option to choose between a lump sum loan or a flexible line of credit. Our Minnwest team will be here to guide you through the process.
Talk to a personal banker today!
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Considering your options to pay for a home improvement project or other major expense? A home equity loan offers several benefits that make it worth considering.
- Competitive rates for several short-term or one-time needs:
- Major life events
- Home remodel projects
- Debt consolidation
- And much more!
- Accommodating repayment terms that work uniquely for you
- The interest paid may be tax deductible*
- Competitive rates for several short-term or one-time needs:
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With a Home Equity Line of Credit (HELOC) from Minnwest, the existing equity in your home is used as collateral backing.
- Competitive rates for several ongoing or seasonal needs:
- Education expenses
- Home improvements
- Emergency reserve
- And much more!
- Funds available anytime without reapplying; apply once, then use repeatedly thereafter
- Revolving credit – as principal is repaid, that amount is available to be advanced again when needed
- The interest paid might be tax deductible*
- Set up automatic payments to be deducted from your account monthly
- Competitive rates for several ongoing or seasonal needs: