What is a HELOC?
A Home Equity Line of Credit (HELOC) is a revolving line of credit that is secured by the equity you have in your home. Since the loan is secured with a home, a HELOC is able to offer a much lower rate than a credit card account and the interest may be tax deductible.*
*Consult your tax advisor.
What can a HELOC be used for?
A HELOC can be used for a variety of things including:
- Home improvements
- Consolidation of higher interest debt
- Vacations, unexpected costs, etc.
How can a HELOC be accessed?
Borrowers can access funds as they need them. All the borrower needs to do is call a loan officer, online, mobile, or stop into any of our 4 locations.
How do I get started?
To get started just contact any of the listed loan officers.
NMLS # 457477
117 N. Main St., Avon, IL 61415
117 S. Main St., Avon, IL 61415
204 N. Monroe, Abingdon, IL 61410
695 Knox Hwy. 10, Galesburg, IL 61401
1380 N. Henderson St., Galesburg, IL 61401