Lock in a low rate now

Home prices have increased significantly over the last several years. It's a trend that's played out nationally and locally. Within the last year alone, home values have risen 11.60%¹ in Iowa and 14.52%¹ in Nebraska. That means you're likely to have more equity available in your home, giving you more low-interest borrowing power.

Calculate your equity.

You can determine the amount of equity available in your home by taking its appraised value and subtracting the current balance of your mortgage loan. You'll also need to subtract any other liens against your property. 

Rates are still low for now.

While interest rates are still near historic lows, they're expected to increase several times within the next year. That means the timing is perfect now to take advantage of your home's increased value before interest rates rise. 

What loan is right for you?

There's a variety of ways you can access your home's equity for low-interest credit. Here are a few of the most common:

1. Borrow funds in one lump sum with a closed-end Home Equity Loan.
2. Use a Home Equity Line of Credit (HELOC) to borrow from your home's equity with a revolving line of credit that's structured similar to a credit card. HELOCs offer you a much lower interest rate because the loan is secured with your home.

How can you use your equity?

Equity can be used for any financial need, including home improvements and debt consolidation. Other common uses include school expenses, tuition, medical expenses, adoption and more.

Let's talk details. 

Have more questions about how you can determine, access or use the available equity in your home? Contact us to discuss details. If you're ready to lock in a low interest rate now, apply today.

Apply for a Closed-End Home Equity Loan                       Apply for a HELOC