Consolidate your debt with a Home Equity Line of Credit.

DebtConsolidation

Now that the stress of the holiday season is behind us, it’s maybe the perfect time to consolidate any high interest credit card debt using the equity in your home.

A home equity line of credit (HELOC), from West Suburban Bank, can be used to consolidate all your bills into one payment. Chances are you will get a much lower APR, which will help you save money that can be used to pay off your debt sooner. The best part is a HELOC is a revolving line of credit. You can continue to borrow against it for any of your lending needs as you pay it down.

For example:
If you had a $25,000 Home Equity Line of Credit and you used $10,000 to consolidate high interest credit card debt, your loan balance would be $10,000 and you would still have available $15,000. As you make payments and pay down the balance, the principle amount paid off becomes available to be used again*. Let’s say, you paid $5,000 down within 6 months. Your available credit on the HELOC would be $20,000, which you could use for any purposes such as home improvement projects, tuition costs, or virtually anything else.

Take advantage of the equity in your home today. Check out of current Home Line of Credit promotion. It’s simple to apply. Just stop and apply today at any West Suburban Bank branch near you.

* During the “Draw Period”, minimum payments are accrued finance charges, any past due amounts, and other charges (if applicable). During the Draw Period, only making minimum payment will not reduce your outstanding obligation. An increase in rates will increase your monthly payment. After the Draw Period, all outstanding balance enters a “Repayment Period.” During this period, you will no longer be able to obtain credit advances and must repay the outstanding balance over a specified period of months. For additional information, please click here or speak with a WSB representative.

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Community Banking, Just Around the Corner

As time passes, we continue to grow, expand and try new things. What’s the latest on the West Suburban Bank front? This video!

Take a peek at how West Suburban Bank got started and why being a community-focused local bank means so much to us. Plus, learn a little about our exciting tech advancements that make banking with West Suburban Bank easier than ever. It’s very important for us to be the local bank that offers you what you need, when you need it.

We’re always working to help you out as much as possible, whether it’s through the Interactive Teller Machine (our very own real-time ATM machine where you can chat face to face with a teller), online banking or mobile banking features, our CardValet security option, account alerts or just working together here behind the bank doors.

Being one of the local banks in the Chicagoland area allows us to truly connect with our community and we wouldn’t have it any other way. So without further adieu, our latest video!

Connect With Us!

Website: https://www.westsuburbanbank.com/

Facebook: https://www.facebook.com/WestSuburban…

Twitter: https://twitter.com/West_Suburban

YouTube: https://www.youtube.com/user/westsuburbanbank

 

Call 630-652-2000 for information

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Friday: 8:30 am – 6:00 pm

Saturday: 8:30 am – 1:00 pm