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Morrill & Janes Bank

Home Equity Line of Credit

Own your home? Apply for a Home Equity Line of Credit today.

A HELOC may be right for you if you have unexpected expenses that are stretching your finances such as:

  •  Home Improvements
  • Wedding and Other Life Events
  •  Purchasing a new or used vehicle
  • Vacation
  •  Tuition & School Expenses
  • Bill Consolidation

By using the equity in a home you own, a Home Equity Line of Credit will let you decide how and when to use cash based on your needs. Like a credit card, your Home Equity Line of Credit gives you the convenience of making small or medium size purchases. Like a more traditional type of consumer loan, your Home Equity Line of Credit can also be used for single larger item expenditures - many times at a lower financing rate, which saves you money.

Look at the Great Features of a Morrill & Janes Bank HELOC

  • No Annual Fee
  • No Application Fee
  • No Appraisal Fee
  • No Transaction Fee To Access Line
  • Lower rates than unsecured loans like credit cards or personal loans 
  • Lower rates than some secured installment loans 

Important Terms & Conditions: Product limited to home owners and residents of the following KANSAS counties: Brown, Doniphan, Jackson, Nemaha and Pottawatomie. 

* Limited Time Offer. Introductory Rate of 5.95% APR (Annual Percentage Rate) is for the first year after loan closing. As of 01/01/2012, the APR would be 5.95% which is the minimum interest rate. Maximum line of credit amount is $50,000. After the introductory period, the APR is based on the Prime Rate plus a margin.  The Prime Rate is published in The Wall Street Journal Money Rates Table on the last business day of the month. Your margin can vary from 0% to 1.00% based on the loan to value ratio.  The APR may change monthly but will not exceed 18%.  Insurance must be carried on the property securing the loan. Offer and rates are subject to change without notice. Subject to credit approval. New accounts only. At maturity, the entire balance must be paid. This product is limited to homeowners and residents of the following Kansas counties:  Brown, Doniphan, Jackson, Nemaha and Pottawatomie. Consult a tax advisor regarding the deductibility of interest. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.


Visit us at any Morrill & Janes Bank branch to learn more about how the Home Equity Line of Credit might be the right loan for you! To apply online, complete the Mortgage Loan Inquiry form and we will follow up with you by the next business day.