Mortgage Banking at it's Best. The Lake Bank.

Home Equity Lines

A Home Equity Line of Credit (also called a HELOC) is a mortgage that is an open- ended line of credit based on your homes equity. This type of mortgage is ideal for debt consolidation or home improvement.

Borrow up to 90 % of your home's value
Fixed and variable rates available
Interest-only payments*
Easy advance process
Quick approval

*Interest only payments may result in a balloon payment at the end of the loan term.

FDIC deposit insurance set permanently at $250,000 per depositor. The Lake Bank is also participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Investment Checking accounts earn a rate higher than allowed under this program, therefore, are not guaranteed above normal FDIC insurance limits.