Home Equity Products

A home is often a consumer’s most valuable asset. Put your home’s equity to work for you.

Home Equity Line of Credit (HELOC)

Unlock the benefits of a Home Equity Line of Credit: gain flexibility, enjoy convenience, and potentially save money by consolidating higher-cost debt.
 
A Busey Home Equity Line of Credit (HELOC) can offer you:

  • PEACE OF MIND - Ongoing access to funds for life events and emergencies.
  • FLEXIBILITY - Payment based on amount withdrawn from HELOC.
  • MONEY SAVINGS - Pay off higher interest rate credit card balances and personal loans.
You can use your HELOC for*:

  • Education expenses
  • Home improvements
  • Purchasing a vehicle
  • Consolidating credit card debt
  • Purchasing a vacation home
  • Taking a dream vacation
Contact Us for additional information, clarification on terms and conditions, or any inquiries you may have regarding our mortgage services.

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Home Equity Loan HE Loan

Securing a Home Equity Loan allows you to use the equity in your home for purchases or to consolidate debt, turning your equity into cash.

A Busey Home Equity Loan offers you*:

- PEACE OF MIND- A fixed or adjustable interest rate and monthly payments ensure the loan is paid off at maturity.
- MONEY SAVINGS- Pay off higher interest rate credit card balances and personal loans.

Home Equity Loan is best used for one-time financing need. You can use your Home Equity Loan for:

  • Education expenses
  • Home improvements
  • Purchasing a vehicle
  • Consolidating credit card debt
  • Purchasing a vacation home
  • Taking a dream vacation
Contact Us for additional information, clarification on terms and conditions, or any inquiries you may have regarding our mortgage services.



Disclosures:

*Subject to credit approval. Rates, program terms and conditions are subject to change without notice. Property insurance required on properties secured by this plan. Consult a tax advisor regarding the deductibility of interest. The benefits of a HELOC or HE Loan for debt consolidation depend on your individual circumstances. Because a HELOC or HE Loan may have a longer term than some of the debt you may be consolidating, you may not realize a savings over the entire term of your new HELOC or HE Loan. Consolidating federal loans may eliminate important protections and benefits. Eligible properties include 1-4 single family residences, condos and duplexes (non-converted). HELOCs and Home Equity Loans are available only in metropolitan service areas served by Busey branches. Restrictions and limitations may apply. Contact a Busey Loan Officer for product details. NMLS ID 509055.




  • Specialty Loan Programs

    With our niche loan programs, our award-winning mortgage team will find the financing to fit your needs. 

  • Types of Loans

    Busey Mortgage offers great rates and lower fees than many of our competitors. 



For questions or assistance, contact a Busey Home Equity Lender.