Make Your Project Happen
Thinking of tackling a home improvement project, buying a vehicle, or looking for a way to consolidate high-interest debt? When you're ready to take action we can help you conquer your biggest projects! Decorah and Cresco Bank & Trust offers a variety of home loan options and is here to help you find the best home loan to meet your unique needs.
A Home Equity Loan is a type of personal loan that allows you to finance a loan from a bank using your home as collateral. At Decorah and Cresco Bank, we strive to offer the best home equity loan rates paired with the best customer service to help you get the financial services and support you need to reach your goals.
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HELOC Loans
A Home Equity Line of Credit is a revolving personal line of credit secured by the equity you’ve built in your home. This ongoing line of credit allows you to borrow money whenever you need it during your draw period. This type of home loan is ideal for financing everything from your home improvement projects to consolidating debt on higher-interest loans.
A Home Equity Line of Credit is a flexible loan that includes a wide variety of benefits.
- Easy loan application and fast loan approval
- Borrow money as you need
- Monthly interest payments on the amount you owe
- Interest may be tax deductible (check with your tax advisor)
- Guidance provided by employee-owners, not a faraway headquarters
- Onsite underwriting, processing, and servicing
- No annual fee
How does a Home Equity Loan work? A HELOC rate is variable and is tied to the Prime Rate published in the Wall Street Journal. HELOC loan terms and rates are contingent upon home appraisal value, your credit history, and your ability to repay the loan. Please consult your tax advisor for the deductibility of interest.