We're Here For You - If you are a homeowner or business owner in the town of Ringle, and impacted by the April 17 tornado, support is available and we have resources to help! Learn More
Let your home’s equity work for you
A little extra cash can help go a long way. Use your home’s value to secure a Bank of Wisconsin home equity loan to help you fund a remodeling project, put in a pool, pay off other loans or take that long-awaited vacation. home is more than a place to live.
Our team can review all your options with you.
You can use a home equity loan to:
- Consolidate high-interest credit cards and loans
- Remodel or improve your home (loan for home improvement)
- Fund a college education
- Pay for a wedding
- Go on that dream vacation
- Help you plan for the unexpected
- And so much more!
Loan Calculator
Home equity loan vs. HELOC
Our lenders have decades of experience in both home equity loans and home equity lines of credit (HELOCs). Here are the differences between the two:
| Home Equity Line of Credit | Home Equity Loan | |
|---|---|---|
| No annual fee |  |
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| Usually lower fees than traditional mortgages | |
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| Interest rate moves with Wall Street Journal prime rate when it is due to adjust | |
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| Interest rate has a fixed period and then adjusts every year | |
|
| Interest-only payment | |
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| Principle payment or reduction in every payment | |
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| Withdraw funds as needed, and once you pay it back, it becomes available again | |
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| Lump-sum disbursement (i.e., you get all the cash right away) | |
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| Interest is tax-deducible* | |
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| Use home collateral | |
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| Overdraft protection on checking accounts | |