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Home Equity Loans and Lines of Credit

Funding Life's Big Moments

A home equity loan, sometimes referred to as a home equity installment loan, may be a way to help you work towards your goals. Here are some of the most popular uses of a home equity loan.

What is equity?
The equity refers to the difference between what is owed to the mortgage lender and the current market value of the property. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.

Home improvements
For one-time home remodel projects, a home equity loan is a great option. You are improving your home, and you’re reinvesting the money back into your property.

Debt consolidation
If debt management has become a burden, a home equity loan could help you consolidate your debt into a single, more manageable payment at a competitive rate. Often, this rate is much lower than a credit card interest rate.  

Weddings and celebrations
A large one-time expense can be difficult to cover from savings alone. This is one of the most affordable ways to fund a large expense.  

When student loans are not an option, or enough to go around, a home equity loan can be another solution to help you fund a loved one’s higher education.

By phone, email or in person, our First Central State Bank team will go the extra mile in helping you with your financial goals. Please visit or contact our team members listed below. Please do not send sensitive or personally identifiable information via unencrypted email to our team. It is not a secure way to send any information. Thank you.

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Teri Leu, First Central State Bank

Teri Leu
NMLS# 1267793

Rich Matzen Mortgage DeWitt

Rich Matzen
NMLS# 500137

Debbie Mulvania Mortgage LeClaire

Debbie Mulvania
NMLS# 499876

Christine Sterbenz Mortgage Clinton

Christine Sterbenz
NMLS# 1504317