Home Equity Lines
The First Midwest EquiFlexSM Home Equity Line of Credit* can give your household budget a boost to help you:
• Make home improvements
• Pay for your child's education
• Consolidate your debt
• Purchase a new car, truck, or boat
• Take that overdue vacation
When you leverage your home's equity (the difference between how much your home is worth and how much you owe on your mortgage), the funds can be used for any purpose, at any time, simply by writing a check or using your First Midwest MasterCard® EquiFlex Card.
The First Midwest Home Equity Advantage
Our EquiFlex Home Equity Line of Credit is also the most flexible borrowing solution you can find with exclusive features and benefits:
- Fixed rate lock option – lock up to three portions of your line of credit into a fixed rate, and unlock the funds anytime you need them
- Terms up to 15 years – gives you the borrowing power you need over a long period of time
- Flexible repayment choices – with interest-only payment options, you can give your budget the boost it needs
And, an EquiFlex Home Equity Line of Credit typically has a lower interest rate than most traditional loans or credit cards, and the interest may be tax deductible (consult your tax advisor). You may also qualify for 100 Tuition Rewards points plus 5% of the original line amount to help with college expenses.
Personalized Rate Quote
Get started with the application process and get a free personalized rate quote by completing the form to the right. In 30 seconds, you'll be connected with a First Midwest Home Equity expert who will work with you every step of the way – from application to closing and beyond.