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)

A HELOC is a revolving line of credit that lets you borrow against the equity built in your home.

Home Equity Loan (HE Loan)

A HE loan is a lump-sum loan that allows you to use the equity in your home for one-time financing needs.
 

A Busey HELOC or HE Loan can offer you


PEACE OF MIND - HELOC provides ongoing access to funds for life events and emergencies. A HE Loan provides access to funds for one-time known expenses.

FLEXIBILITY - With a HELOC, you may borrow, repay and borrow again during a specified period of time.

MONEY SAVINGS - Pay off higher interest rate credit card balances and personal loans.
 
You can use your HELOC or HE Loan for*:

  • Education expenses
  • Home improvements
  • Purchasing a vehicle
  • Consolidating credit card debt
  • Purchasing a vacation home
  • Taking a dream vacation
  • Emergencies

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 HE 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.