Home equity lines and second mortgages let you borrow against the equity you have built in your home. The interest you pay is generally tax deductible; however, consult your tax advisor.
*Offer expires 09/30/2019 and is subject to change. An introductory rate of 1.75% Annual Percentage Rate (APR) is fixed for the first six months and as low as 5.50% after six months for qualifying applicants. After the introductory period, the APR will vary at prime (as published in the Wall Street Journal) plus a margin. Rates as low as 1.99% without a Coulee Bank checking account. As of 03/01/19, the variable APR ranged from 5.50% to 7.50% depending on credit qualifications. The rate will not exceed 18% APR. The introductory rate applies to new home equity lines of $10,000 or more, or on existing lines with an increase of $10,000 or more. Offer applies to primary residence only. Borrower will be required to pay all fees, including third party expenses, which typically range from $200-$600. All loans subject to credit approval. Other restrictions may apply. Equal Housing Lender. Member FDIC.