Use your home's equity for your next big purchase!

It’s easy to envision where you want to go with a Home Equity Loan from Quad City Bank & Trust. Access the equity you have in your home to pay for virtually ANYTHING - vehicles, weddings, remodeling projects, vacation, unexpected costs, or consolidating your debt. Unlike credit cards, the interest you pay on your Home Equity Loan may even be fully deductible.1

 

Home Equity Line of Credit2

A Home Equity Line of Credit offers flexibility as it allows you to borrow money as you need it using your home as collateral. Other benefits:

  • Ability to borrow up to available line of credit, as needed
  • Variable interest rate
  • Interest-only monthly payments3
  • Principal reduction payments may be made as often as you choose, with no prepayment penalty

 

Home Equity Loan2

A Home Equity Loan offers reassurance as you can borrow a fixed amount with fixed terms, secured by the equity in your home. Other benefits:

  • Money is received in one lump sum
  • Fixed interest rate with a fixed term
  • Fixed monthly payment (principal and interest)
  • Principal reduction payments may be made as often as you choose, with no prepayment penalty

 

To learn more about your options and our competitive rates and terms, call to speak with an Account Executive at 563.388.7228.

Click here to apply

 

1 You should consult your tax advisor concerning interest deductibility.

2 Subject to final credit approval. The line of credit or loan amount you can qualify for is based on your home’s Loan to Value ratio, payment term, income, and credit history. Closing fees apply.

3 The minimum monthly loan payment required is an interest-only payment based on the outstanding principal balance of the line of credit. If this payment schedule is followed, the loan will not be paid in full at maturity, which is typically 66 months. Principal reduction payments may be made as often as you choose, with no prepayment penalty.