Home Equity Loans

Home Equity Options

Unlock the value in your home. With Illiana Financial’s HELOC and Second Mortgage options, you can borrow flexibly and choose the solution that fits your needs.

Home Equity Line of Credit (HELOC)

• Access funds as you need them
• Revolving line of credit for ongoing flexibility
• Only pay interest on what you use

A HELOC is a great option for ongoing expenses like home improvements, education costs, or unexpected needs. It gives you the freedom to borrow when you need it—without taking out a full loan upfront. Rate is based on prime

Second Mortgage

• Receive a lump sum upfront
• Fixed payments for predictable budgeting
• Great for larger, one-time expenses
• Fixed Rate

A second mortgage is ideal when you know exactly how much you need. Whether you’re planning a major renovation or consolidating higher-interest debt, it offers stability with set terms and payments.

Make the Most of Your Home’s Value

Your home can be a powerful financial tool. Let our team help you choose the right option and structure a solution that works for you. Contact us today or stop by a branch to get started.