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Home Equity Loans

The equity in your home could be cash in hand for purchasing a new car, tuition bills, debt consolidation, or whatever reason you need a loan. If you want to add a room, build a garage, put on new siding, or do anything to improve your home, a Home Equity Loan can do the job. Rates are reasonable and we can tailor the payments to suit your needs.

This loan lets you use the equity in your home to borrow a fixed amount or establish a line of credit.

Home Equity Line of Credit

East Wisconsin's Independence Line is a home equity line of credit that allows you to write your own loan for anything at any time.

Convenient and Flexible
You can write checks against your line of credit at any time, simply call the Bank-by-Phone system or use Online Banking anytime from anywhere to transfer funds from your line of credit into your GO FREE Checking Account to cover any purchase.

Minimum advance or transfer is only $200.00

Use your Independence Line of Credit to pay off high interest credit and credit where interest is not tax deductible.

Select when to borrow and how much to borrow (up to the maximum predetermined amount)

Time savings and secure
No need to apply for a loan each time you need funds - just write a check. Loans are secured by the equity in your current residence.

Interest may be tax deductible
Interest paid may be fully tax-deductible on personal income taxes. Consult your tax advisor or the Internal Revenue Service.

Low minimum payments
The minimum payment is 2% of the principle loan account balance or $100 per month, whichever is greater.

No restrictions on use of funds
There are no restrictions or limitations on how you use the funds. Use your line of credit for:

  • remodeling
  • bill consolidation
  • home repairs
  • furniture
  • holiday bills
  • cars, boats, RV's
  • tax payments
  • education
  • emergencies
  • monthly credit card bills

For more information about the advantages of a fixed or equity line of credit Home Equity Loan give one of our Member Services Officers a call.

Member FDIC Equal Housing Lender