Minnesota Bank & Trust
Home Equity Installment Loan

Fund your passion with a Home Equity Installment Loan

Home Equity Installment Loan Offer

Home Equity Installment Loan Offer


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
A Home Equity Installment Loan uses the equity in your home as collateral to borrow a lump sum for an approved amount. This loan has a fixed term and a fixed interest rate, and will not change over time.
What’s the difference between a Home Equity Installment Loan and a Home Equity Line of Credit?

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
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Michelle Hager

NMLS #1223973
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Dee Crist

NMLS #718441
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Carissa Seeley

NMLS #1716854
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Tina Kirschman

NMLS #539809
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Holly Bertucci

NMLS #1605025
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Kim Bittner

NMLS #509213
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Judy Meehan

NMLS #503633
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Nicole Morig

NMLS #1736889
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Mary Pohl

NMLS #502666
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Justine Gallegos

NMLS #1432176
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Lisa Beaulieu

NMLS #907309
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Lesley Harelson

NMLS #1949603
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Carrie Taylor

NMLS #539907
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Fita Marquez

NMLS #539897
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Michelle Vasquez

NMLS #1530378
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Oscar Trevino

NMLS #843564
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Nicci Carpenter

NMLS #542973
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Vanessa Montoya

NMLS #883161
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Miles Miley

NMLS #742565
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Dominic Paxinos

NMLS #543066
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Jolene Bradstreet

NMLS #543048
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Ashlyn Strange

NMLS #1651612
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Angel Houpt

NMLS #1009401
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Emily Born

NMLS #773727
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Dayana Garcia

NMLS #1804270
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Delga Madrigal

NMLS #1651609
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Matthew Long

NMLS #935625
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Kim Webb

NMLS #1041994
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Alicia Gilbert

NMLS #1273292
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Danielle Culver

NMLS #1450679
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Julianne Cords

NMLS #1572085
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Sue Ellen Toppings

NMLS #1935785
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Regina Esquibel

NMLS #421472
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Tracy Snow

NMLS #166952
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Doug Jones

NMLS #1172799
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Nayri Anwaya

NMLS #725497
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Sabrina Ostrowski

NMLS #746570
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Rosario Moran

NMLS #995203
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Keith Dron

NMLS #743339
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Pamela Beery

NMLS #746568
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Nique Dalise

NMLS #1880664
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Starla Paschall

NMLS #1770787
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Contact Us to Get Started

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1The Annual Percentage Rate (APR) shown is accurate as of 05/05/2021 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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