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Home Equity Line of Credit 

Put your home's equity to work for you! A MainSource Home Equity Line of Credit usually features a lower interest rate than other types of loans because itís secured by the equity in your home. Use it to finance home improvements or any number of other needs.

Other benefits:

  • Easy access by transferring Home Equity Line of Credit (HELOC) funds to your checking account through Online Banking
  • Ten- year maturity1 
  • "Interest only" payment option
  • Option to convert balances to fixed rate/fixed payment
  • Possible tax deductability of interest2

 

Home Equity Loan 

Our Home Equity Loan gives you the benefit of using your home's equity to make that large much-needed purchase but with a fixed interest rate and a predictable fixed monthly payment. 

 

For Registered NMLS Loan Officers, Registered NMLS Loan Officers .

1$50 annual fee.$250 prepayment penalty fee within the first two years. Applicant with credit score of 720 or higher and loan to value of 80% or less qualifies for a 3.50% APR. APR is accurate as of 9/17/13 and is subject to change at any time. Maximum APR is 18%. If interest only payments are made, then a balloon payment will result. Subject to credit approval.  2Consult your tax advisor for details. 

Home Equity Grand Slam