A Home Equity Loan from The Bank of Elk River is the perfect way for you to get ahead. Whether you want to make home improvements, take vacation, buy a car, pay for college tuition, make an investment or consolidate your debt, The Bank of Elk River can help.
We provide Home Equity Loans secured by a mortgage on your home.
With The Bank of Elk River's Home Equity Line of Credit, you can take advantage of your home's appreciation in value. We will provide you with checks to use for accessing funds whenever you wish, for whatever you want! They could be used for anything you need including vacations, buying a car, college tuition, investments, home improvements or consolidation of debt.
A Home Equity Line of Credit is a form of revolving credit. As the balance is paid down on the line of credit, you may re-borrow up to your credit limit until the maturity of the loan. You can either make the low monthly interest payments, pay off a portion or the whole balance at any time.
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