Home Equity Loan Information in Milwaukee, Wisconsin
Great Midwest Bank is your home equity loan lender, serving local communities in Brookfield, Chilton, Madison, Wauwatosa, Greenfield, Bayside, and more!
Great Midwest Bank is not just located in your community, but we also service your home equity loans locally as well. We use our own funds to finance your home equity loans, whether that loan is a fixed rate loan or an adjustable rate mortgage. As a result, we’re able to offer you more hassle free home loans and flexibility with your HELOC mortgage loan rates and terms.
Home equity loans differ from traditional first mortgage loans in that they are in a second position as an installment loan with a rate locked in for some period of time, or as a line of credit (HELOC), where the rate can vary monthly. You could use your home equity loan for things like debt consolidation, repairs and renovations, or paying for some other large expense, such as college expenses.
Home equity loans that are a revolving line of credit provide more flexibility, but with less certainty in the exact payment amount per month and exact repayment period. If you are unsure if a home equity loan or line of credit is right for you, our Mortgage Loan Officers are available to answer any questions you may have.
Below are some of the rate options for our home equity loans, as well as their current loan interest rates.