First Midwest Bank offers traditional personal loans for cars, boats, motorcycles and other items for personal use as well as home improvement/construction mortgage loans for homes. Borrower’s needs vary greatly and so do our loan products. We can tailor loans to fit your specific needs. Give us a call or come by our main location to visit with one of our loan officers.
Home Equity Lines of Credit allow you to access the equity in your home. You could borrow up to 80% of your home’s appraised value. You can access the line of credit whenever you want and you only pay interest on the amount you actually use. The line of credit can be used for home improvement, purchase cars, education, vacation or use the money any way you want. In most cases the interest is tax deductible but please contact your tax adviser to make sure. The easy way to see what you may be able to borrow is estimate the value of your home, multiply by 80%, subtract the first mortgage balance, and you have the “equity” available! It’s that easy. Call or contact one of our loan officers today to get started.
Community Bank President