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 deductibility of interest2

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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 early termination fee within the first two years will be accessed for revolving line of credit amounts that are greater than or equal to $12,500. Applicant with credit score of 720 to 799 and a loan to value of 80% or less qualifies for a 3.50% APR. APR is accurate as 8/13/2015 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.