All lending products are subject to application and credit approval. Home equity loans and lines also subject to acceptable appraisal and title search.
Equity in your home.
A home equity line uses the equity in your home as collateral to guarantee the loan. This reduces risk to the bank on this loan, allowing you to enjoy a lower interest rate compared to an unsecured line of credit.
Variable interest rate.
The rate on a Midland home equity line is variable. Your payment will vary each month based on your line of credit balance, similar to a credit card payment.
Revolving line of credit.
A home equity line of credit is available for ongoing use. Simply write a check to pay for anything you need. With a home equity line, you won’t have to apply for another loan each time you need money—just access your line of credit.