Home Equity Loans & Lines of Credit

Everything and the kitchen sink.

Common sense says to use the tools that you already own such as the equity in your home. With a home equity loan or line of credit (HELOC) from Bank Midwest, you have the power to cover large expenses like home improvements, funding education or paying medical bills in an affordable way.  With so many ways to use the equity in your home, you can get everything you need.

Plus, additional benefits including:¹

• 0.25% discount for auto payment from any Bank Midwest Checking Account
• 0.50% discount available for Premium Relationship clients that meet qualifying balance requirements

Home Equity Term Loan

A loan secured by the equity on your home or property. You’ll receive the lump-sum proceeds when your loan is closed. You can use the proceeds of the loan to pay for college expenses, home improvements or to refinance.

Home Equity Line of Credit

A reusable line of credit secured by the equity on your home or property. With a line of credit you have access to your funds when you need them, like a credit card, but with lower interest rates. The perfect solution for home improvements, paying medical bills or even paying off high-interest credit card debt.

You’ll also need:

• Home Equity Application Disclosure
• What You Should Know About Home Equity Lines of Credit

¹Talk to your banker about complete details. Consumer loan rate discounts require automatic payment from your checking account. Loans eligible for discount are Auto, Recreational Vehicle, Home Equity Lines of Credit under $250,000, and Home Equity Loans. Loans are subject to credit approval. Insurance must be carried on property securing home equity loans. ²No closing costs on loans up to $250,000. ³Maximum Loan-To-Value is subject to credit score and overall collateral approval. ⁴The Variable Intro Rate is calculated by subtracting 0.76% from the then-current Prime Rate on a line of credit, which is currently 5.00%; this currently results in the Annual Percentage Rate (APR) stated above, but can change periodically based on Prime Rate. No other discounts are available during the Variable-Rate Introductory Period. Rates are for illustrative purposes only, are subject to change based on market conditions and assume an applicant with excellent credit. Special Introductory variable APR assumes 0.25% interest rate discount for setting up automatic monthly payment deductions from your NBH Bank deposit account and enrollment in our Premium Checking relationship package to receive a 0.50% interest rate discount. Minimum line amount is $10,000, maximum is $250,000. The maximum APR is 17.600%. The minimum APR is 3.000%. ⁵The Variable Rate is calculated by adding 0.75% to the then-current Prime Rate on a line of credit, which is currently 5.00%; this currently results in the APR stated above, but can change periodically based on Prime Rate. Property insurance required. Rates are subject to credit approval. Rates may change at any time.