Home Equity Lines of Credit
Home Equity Loans remain one of the most cost-effective ways to borrow money. The interest rate is much lower than the typical credit card or unsecured line of credit and the higher limit can help finance everything from home improvements to college education.
Our Home Equity Lines of Credit rate is variable and based on the Prime rate as published in The Wall Street Journal.
- Annual percentage rate (APR) starts at Prime + 1%
- $50 Annual Fee, waived if balance exceeds $50,000
- Interest Only Payments, billed over preceding 30 day period
- 5 Year Draw Period, 10 Year Repayment Balloon (15 year total)
Not ready to apply? You can talk to a member of our Solutions Team about applying for a Home Equity Line of Credit by calling 847-676-8000.
1: APR = annual percentage rate
Home Equity Lines of Credit have a $10,000 minimum. The HELOC rate is variable and based on the Prime rate as published in The Wall Street Journal, has a floor of 5.75%, and can change quarterly (January 1, April 1, July 1, and October 1) based on the last day of every 3rd month. Payment will be dependent on amount outstanding. Product varies based on terms of loan. Payment will be either .75% of outstanding balance or the interest due on the account for the payment period. Property insurance and flood insurance will be required on Home Equity Loans and Lines. This site is not an offer for credit, all loans are subject to approval, products and terms can change.
THIS IS AN ADVERTISEMENT. This is not a commitment to lend. Offer of credit subject to credit approval. A and N Mortgage Services, Inc. 1945 N. Elston Ave. Chicago, IL 60642 p: 773.305.LOAN (5626) ANmtg.com NMLS No. 19291 For licensing information and for Texas consumers to file a complaint, go to: (Nationwide Mortgage Licensing System www.nmlsconsumeraccess.org)