If you are thinking of buying a home, building on to an existing home, or doing home remodeling, now is the time to compare prices and investigate construction ideas for spring. If you would like to be pre-qualified or just want to know how much home you can afford, please give us a call. Spring will soon be here!

There are basically two types of home equity loans:

1.  A 'Closed End' home equity loan is a loan that is done for a specific term and payment. As you pay the loan down you cannot reborrow in this type of loan.

2.  A Home Equity Line of Credit (HELOC) is an 'Open End Revolving' home equity loan. A HELOC will have a credit limit and you can borrow up to the credit limit, pay the loan down or pay the loan off and then you can re-borrow again up to the credit limit during the 'draw' period.

We can normally complete a Home Equity Loan for the cost to record (and satisfy) your mortgage, about $24.00, a Flood Certification Report for $18.00 and a title search ($65-$125). If we need to do a Valuation of your home, we can usually do a Market Survey Analysis that will cost about $50.00.

We can usually lend you up to 80% of the value of your home less your first mortgage. For example: Value = $100,000 x 80% = $80,000 - $60,000 (first mortgage)= $20,000 available for a home equity loan. You can print a loan application or apply online. Just click on the Loan Application button to the right. If you have completed a paper application, you can mail it, fax it or drop it off. Please do not e-mail this confidential information.

Loan Payment Calculator:
Click on the following link to calculate the payment on your new loan:   http://cucalc.cuna.org/index.html?sub_id=1

The following information will help expedite the processing of your loan application:

• A copy of your Warranty Deed, Title Insurance or property tax bill.
• A copy of your Homeowners Insurance
• A copy of a recent paystub for each applicant

NOTE: Some loans may require additional information not included above. Please call us at 920-674-5542, fax us at 920-674-5534 or e-mail us for further information.

When we use your primary residence as collateral, regulations require us to give you a Good Faith Estimate of Costs and Early Truth in Lending Disclosures with three business days of receiving your application. Once you receive these disclosures the regulators prohibit us from closing the loan for seven business days. Once you sign the actual loan papers we are requited to give you a three (3) business day right-to-cancel the transaction before we can disburse the proceeds of your loan. The three business days begin the day you close (sign) the promissory note and final truth in lending disclosures. Please allow about two weeks to complete a home equity loan due to the new federal regulations.

You can now apply for a loan online.

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