Looking to consolidate debt? Buy a vehicle? Finance education expenses? Make some home improvements? You may find the extra cash you need right at your doorstep with a Hiway Home Equity Loan. Even though an equity loan is secured by your property, you can use the funds for almost anything.
Popular Home Equity Options
Establish a ready reserve of cash by opening a Home Equity Line of Credit (HELOC). Set your limit up to 90% of your available equity, then draw upon the funds as needed — low monthly payments are set based on your outstanding balance.
- Revolving line of credit
- Access cash via Online Banking, Mobile Banking or by calling a Mortgage Loan Representative
- Low interest rates adjusted quarterly
- Closed-end loan
- Low rate adjusted yearly
- Closed-end loan
- Fixed rate for the loan term
- Terms of 5, 10 and 15 years
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- Closed-end loan
- Fixed rate for the loan term
- Terms of 5, 10 and 15 years
Want to Know More?
Please review our frequently asked questions below or contact our Mortgage Team and we will be happy to assist you.
Rates
Equity Loans – Adjustable Rate | APR* 80% Loan to Value (LTV) | APR* 90% Loan to Value (LTV) |
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Every Hiway loan is designed to reduce stress and save you money.
Lower Rates and Fewer Fees
Because we're member-owned, earnings are passed on to you in the form of lower rates.
Local Decision-Making
All of us at Hiway are Minnesota-based, which makes your decision quicker and gives your application the personal attention it deserves.
Local Servicing
You'll only ever work with us, throughout the entire lifetime of the loan.
Access your account anytime, anyplace.
Convenient, simple and secure access to your account 24/7 with our all-in-one financial tools.
Optional Loan Coverage
We offer convenient add-ons, like payment protection, at competitive prices.