Home equity loans can be used for just about anything.  You can improve your home, purchase a new car, finance an education, consolidate bills or escape on your dream vacation.  A Home Equity loan is a mortgage on your primary residence, using the equity that you have in your property.  We offer low competitive rates and no annual fees on loans up to $100,000, under our normal loan underwriting guidelines.  Your payment can be automatically deducted from an Irwin Extra Checking account and your rate will be reduced by .50%, as long as your automatic payment is in effect.  Our experienced and friendly staff can take your application by telephone and help step you through the lending process.

Print out an IBT Loan Application and apply NOW!!!Irwin Bank and Trust Company offers two types of Home Equity loans.  the following will give you details on our Home Equity Term and Home Equity Line products:
HOME EQUITY TERM LOAN MORTGAGE
6.75%*APR (5 YEAR TERM)
Check out our great rates!!!!!
 Our Home Equity Term Loan gives you the advantage of a fixed rate of interest for a fixed period of time at a fixed payment.  You may choose terms up to 20 years.
 
HOME  EQUITY LINE OF CREDIT MORTGAGES 

 
Click Here For Special
5-Year Rate!







Irwin Bank and Trust Company's Home Equity Line Of Credit Mortgages offer availability of instant cash when needed by writing Home Equity checks up to the original pre-set credit limit at anytime.  The following is a brief description of our three Home Equity Lines of Credit:

Prime Home Equity Line of Credit:

Variable rate, based on Wall Street Journal's Prime Rate, Eastern Edition, adjusting quarterly.
Standard Home Equity Line of Credit:
Variable rate, based on 91-day United States Treasury Bill plus a 4.25% margin, adjusting quarterly.

 
*Annual Percentage Rate. Promotional rate applies only to $5,000 new money with automatic payments deducted from an IBT Extra Checking account; monthly membership fee applies. 60 monthly payments of $98.40 based on a loan of $5,000. Rate may increase if automatic payments are canceled. The term and APR shown are effective 2/18/02 and are subject to change without notice. Interest paid may be tax deductible. Consult your tax advisor for clarification. Offer may be withdrawn at any time.
Credit is subject to approval.  Insurance is available.  Taxes and insurance are extra.
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