Fund Your Passion with a Home Equity Installment Loan
Whether it’s navigating the great outdoors, kicking your favorite dish up a notch with your culinary skills, furnishing your living space with just the right look and feel or anything in-between, Minnesota Bank & Trust is here to help you.
- Refinance your mortgage with a new, low rate up to a 15-year term
- Remodel your kitchen or fund another home improvement project
- Purchase a new vehicle
- Finance a family vacation
- Pay for a life changing event like a wedding, college tuition, or a new nursery
- Consolidate high interest debt like credit cards into a lower fixed rate
Both loans use the equity in your home as collateral, so what’s the difference? A Home Equity Installment Loan is a fixed term loan with a fixed interest rate. The borrower will receive the lump sum of the amount they are approved for, and then will pay it back with a fixed term and fixed interest rate. A Home Equity Line of Credit (HELOC) is a revolving credit line similar to a credit card. The borrower can draw money on the HELOC, pay it back, and then draw on it again if they choose.
A Home Equity Installment Loan might be a better option if you have a larger project that you know the cost of up front. A HELOC is a good choice if you aren’t sure when or how much money you need. If you do not draw money from your HELOC, you do not have to make any payments.
Speak With One of Our Loan Experts
Deanne Hayes
NMLS #1696011
Email Deanne
563.589.2117
Michelle Hager
NMLS #1223973
Email Michelle
563.589.2116
Dee Crist
NMLS #718441
Email Dee
563.587.3987
Carissa Seeley
NMLS #1716854
Email Carissa
563.587.4054
Tina Kirschman
NMLS #539809
Email Tina
815.637.7009
Holly Bertucci
NMLS #1605025
Email Holly
815.777.0663
Kim Bittner
NMLS #509213
Email Kim
815.963.2161
Judy Meehan
NMLS #503633
Email Judy
815.963.2168
Nicole Morig
NMLS #1736889
Email Nicole
815.637.7861
Mary Pohl
NMLS #502666
Email Mary
815.489.2155
Justine Gallegos
NMLS #1432176
Email Justine
505.831.8117
Lisa Beaulieu
NMLS #907309
Email Lisa
575.935.3131
Lesley Harelson
NMLS #1949603
Email Lesley
505.663.3815
Carrie Taylor
NMLS #539907
Email Carrie
505.946.2507
Fita Marquez
NMLS #539897
Email Fita
505.830.8377
Michelle Vasquez
NMLS #1530378
Email Michelle
505.830.8191
Oscar Trevino
NMLS #843564
Email Oscar
480.610.3920
Nicci Carpenter
NMLS #542973
Email Nicci
480.844.4546
Vanessa Montoya
NMLS #883161
Email Vanessa
480.844.4514
Miles Miley
NMLS #742565
Email Miles
480.595.4973
Dominic Paxinos
NMLS #543066
Email Dominic
406.777.7810
Jolene Bradstreet
NMLS #543048
Email Jolene
406.751.7062
Ashlyn Strange
NMLS #1651612
Email Ashlyn
303.460.4733
Angel Houpt
NMLS #1009401
Email Angel
303.567.2697
Emily Born
NMLS #773727
Email Emily
970.855.0701
Dayana Garcia
NMLS #1804270
Email Dayana
970.855.0531
Delga Madrigal
NMLS #1651609
Email Delga
303.365.3663
Matthew Long
NMLS #935625
Email Matthew
303.215.4320
Kim Webb
NMLS #1041994
Email Kim
720.873.3776
Alicia Gilbert
NMLS #1273292
Email Alicia
303.365.3869
Danielle Culver
NMLS #1450679
Email Danielle
303.365.3711
Julianne Cords
NMLS #1572085
Email Julianne
952.841.9336
Sue Ellen Toppings
NMLS #1935785
Email Sue Ellen
952.746.3385
Regina Esquibel
NMLS #421472
Email Regina
913.234.2403
Tracy Snow
NMLS #166952
Email Tracy
816.548.4054
Doug Jones
NMLS #1172799
Email Doug
913.234.2203
Nayri Anwaya
NMLS #725497
Email Nayri
559.256.6434
Sabrina Ostrowski
NMLS #746570
Email Sabrina
559.642.0635
Rosario Moran
NMLS #995203
Email Rosario
805.464.5494
Keith Dron
NMLS #743339
Email Keith
805.547.2565
Pamela Beery
NMLS #746568
Email Pamela
209.966.5444
Nique Dalise
NMLS #1880664
Email Nique
806.788.2803
Starla Paschall
NMLS #1770787
Email Starla
806.776.6876
Contact Us to Get Started
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Through Video Banking
Talk to your banker live, face-to-face with video banking through your laptop or mobile device. Apply for a Home Equity Installment Loan with our help every step of the way. Have a question? Just ask!
Video Banking is available:
Monday - Friday: 8:30 a.m. - 7:00 p.m. CT
Saturday and Sunday: 9:00 a.m. - 12:00 p.m. CT
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1The Annual Percentage Rate (APR) shown is accurate as of 04/19/2021 for up to a 15-year Fixed Rate loan with a Loan-to-Value (LTV) of 80%. Payment example: 180 monthly principal and interest payments of $333.47 assuming a $50,000 loan and 2.50% APR. Your APR may be higher and will be based on your credit qualifications, loan amount, and the location and type of property. Payments shown do not include taxes or insurance. The actual payment obligations may be greater. APRs for LTV 80%-90% may be as low as 3.25% APR. Stated APRs include a 0.25% discount for automatic payment from a Minnesota Bank & Trust checking account. Maximum LTV on loans greater than $500,000 is 70%. Maximum loan amount of $2,000,000. Origination fee waived; customer is responsible for third-party fees. Promotion is not valid on home purchase loans. Rates and terms are subject to change without notice. Rates are fixed after consummation. Contact lender for details. Limited time offer. Normal underwriting guidelines apply, subject to credit approval.
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