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Home Equity Loans

Put your home's value to work for you

Sometimes things in life don't go exactly as planned. Have you been putting off that kitchen or bathroom remodel? Do the twins need braces? Has credit card debt started to consume more and more of your paycheck? Home prices in the midwest have continued to go up, so there's a good chance your home may have untapped equity. With an R-G Home Equity Line of Credit (HELOC), you can put your home's value to work for you and make more of your dreams a reality.

Common uses for heloc loans

  • Debt Consolidation
  • Weddings
  • Vacations
  • Adoptions
  • Home Improvements
  • Medical Procedures

Here’s how your R-G HELOC works: By borrowing up to 100% of the value of your home, you'll get a line of credit, which has a competitive variable interest rate and you can draw on at anytime. Our standard draw period is 10-years, and there's no annual fee, so as needs arise, you don't have to get approval for another loan, just take a draw when you need it. With a 15-year repayment period, you'll get an easy-to-manage monthly payment for the new line of credit without having to refinance the entire balance of your existing first mortgage. Don't have another mortgage? Even better. That just means you'll have more value available for your credit line. With a minimum initial draw of only $1000, and credit lines from $10,000 up to $150,000 we're confident we can put together a program that works for you, and because you're not doing a full refinance, we can often have the funds in your hands in as little as a few weeks.

Loan Application  Loan Rates


Fixed Rate Second Mortgages

Have a specific need but don't want or need a revolving line of credit? an R-G fixed rate second mortgage may be just the solution. Remodel that bathroom, pay off credit cards, or get the kitchen of your dreams without worrying if your payment will suddenly go up. Our convenient fixed-rate second mortgage is available with terms up to 10-years, loan to value (LTV) up to 100% and amounts up to $50,000.  You'll continue to make the payment you make today, while making an affordable payment on the second loan knowing you only borrowed what you needed.

Loan Application  Loan Rates


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