Home Equity Loans

Take advantage of your home's equity, with a tax-smart*, versatile home equity loan! Now's the time to pay for that new vehicle, put it toward your college education, consolidate your debt, or re-invest it back into your home with those renovations you've always wanted. At Boone Bank & Trust Co. we have two types of Home Equity loans depending on your needs.

Home Equity Loan

• Lock in a fixed interest rate
• Fixed payment for the life of the loan
• Borrow up to 90% of the equity in your home (appraisal may be required)
• Deduct interest paid*

Home Equity Line of Credit

A home equity line of credit is a revolving credit that gives you open access to your funds for a certain period of time. The benefits include:

• Borrow up to 90% of the equity in your home (appraisal may be required)
• Competitive interest rates
• Monthly payment based on current balance
• Easy access between your loan and your Boone Bank & Trust Co. checking account through Touch Tone Teller and Internet Banking
• Deduct interest paid*

Call 515-432-6200 or email us at loans@boonebankiowa.com, to get the process started today!

*In many cases, interest paid on mortgage loans is tax deductible. Consult your tax advisor regarding tax advantages. Property insurance is required on all mortgages.