Home Equity Line of Credit

Put the equity in your home to work for you. Whether it's a well-deserved vacation, home improvements, or a college education — with a Home Equity Line Of Credit from Prairieland, the possibilities are almost endless. A home equity line of credit is a form of revolving credit in which your home serves as collateral. You can borrow a specific percentage of the appraised value of your home, minus the balance owed on your mortgage.

Benefits:

• Minimal Closing Costs and can be added into the Loan
• Rates As Low as PRIME+0%
• Fast & Easy Processing
• Up to 10 years to pay back
• Possible Tax Advantages (check with your tax advisor to be sure)
• Check out our rates

1. Click HERE for a quick & easy online application
2. Call a Member Service Representative at 862-1838 or toll free (800) 371-1211 x122
3. Stop in and see us at 416 Kays Drive in Normal, off Towanda Ave just north of Ft. Jesse Rd.

Here's what they'll will need from you when you apply:

1. A completed Home Equity Line of Credit application
2. A current pay stub. If self-employed, two (2) previous years' federal income tax returns and current profit and loss statement (year-to-date)
3. Your most recent mortgage statement. If you have more than one mortgage, please provide a statement for each mortgage.
4. A copy of your hazard insurance policy