Home Equity Loans
Current rates available here.
Homeowners, now is a good time to transform the equity in your home into cash to use however you want.
- Low application fee*
- No transaction fee
- $50 annual fee (applicable to lines of credit) is waived during the first year, then annually beginning one year after the contract date of your loan.
Loan amounts are up to 70% of the available equity amount. A convenient way to make payments is with a HOMEBanker transfer from a GSB checking account.**
Application forms are available to complete online. You may also apply in person at any of our seven locations or by phone at 847-729-1900.
Lines and loans currently available for customers with a current core GSB Checking Account only.
* A $300 application fee is due and payable before a property appraisal is ordered.
**The maximum home equity loan / line amount is currently $50,000.
Your choice of fixed or floating rate
- Floating rate lines of credit with terms up to five years
- Fixed rate Advantage Loan with terms up to fifteen years