Refinance & equity · Portfolio product
Keep your first mortgage. Use the equity anyway.
A fixed-rate home equity loan or a variable-rate HELOC lets you borrow against your home without touching the low rate on your first mortgage. Both are portfolio products, decided and serviced in Crystal Lake.
- Home equity loan
- Fixed rate
- HELOC draw
- 10 years interest-only
- Closing costs
- Programs with none
Best for
- Homeowners with a low first-mortgage rate
- Ongoing projects (HELOC) or a one-time need (equity loan)
- Emergency reserves
Home equity loan
A lump sum at a fixed rate with a fixed payment, with programs that have no out-of-pocket costs.
HELOC
A revolving line on Prime with a 10-year interest-only draw period and a 20-year repayment period. Draw what you need, when you need it. $50 annual fee.
Questions people ask
- Which one should I pick?
- A one-time known amount favors the fixed equity loan. A project with uncertain timing, or a reserve you may never use, favors the HELOC.
Next step
Ready to talk to a lender who can actually decide?
Start the application online, or call and ask for the mortgage department. Either way, a real human in Crystal Lake or Appleton takes it from there.