Tap into your home’s equity for your goals — simply and smartly.

Home equity loans & lines of credit

Your home isn’t just a place to live — it’s a tool you can use. Whether you want to remodel, pay off high-interest debt, plan for future expenses, or have funds ready for unexpected moments, our home equity offerings give you options. Choose a fixed-rate loan for certainty or a line of credit for flexibility — we’ll help you decide which fits your needs.
 






Get up to $250 toward closing costs when you open a fixed-rate home equity loan.1

Limited time offer is available for new 5, 10, 15, or 20 year fixed-rate home equity loan applications submitted on or before 1/30/2026. To qualify, loans must close on or before 2/13/2026.1

Fixed-Rate Home Equity Loan

Borrow a lump sum with a fixed rate and predictable payment.
For major projects, debt consolidation, or long-term planning, a fixed home equity loan gets you the funds you need upfront with payments you can count on.
 
Benefits:
  • Locked-in interest rate and payment schedule — no surprises
  • Use your home’s equity for a remodel, paying off high-interest loans, or education expenses
  • No origination fee and no prepayment penalty 
  • Variety of term lengths — pick the timeframe that works for your budget

Home Equity Line of Credit (HELOC)

Keep a line of credit open for flexibility — borrow what you need, when you need it. Perfect if you want to stay prepared, fund ongoing projects, or have a safety net ready for future needs.
 
Benefits:
  • Access cash any time up to your limit — no need to reapply each time
  • Pay interest only on what you use — so your funds work efficiently
  • Use it for home improvements, unexpected costs, or future opportunities
  • No origination fee and no penalty for paying early 









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How it works

  1.  Meet with a banker and talk about why you’re using equity — remodel, debt, future needs, etc
  2.  Review your home’s equity, loan-to-value, and what makes sense for your budget
  3.  Choose between a fixed-rate loan or a line of credit based on your goals
  4.  Apply, get approved, and access your funds — then use them toward your goal
  5.  Enjoy the benefit — a remodeled home, consolidated debt, or the peace of mind that comes from financial flexibility

Frequently asked questions


You can use it for home improvements, consolidating high-interest debt, paying for education, or being prepared for future costs. 
A fixed-rate home equity loan gives you a lump sum and fixed payments. A HELOC gives you a revolving line of credit you can use as needed, and you pay interest only on what you borrow.
No — Think Bank’s home equity fixed loans and HELOCs typically have no prepayment penalty. 
Eligibility depends on your home’s value, current mortgage balance, and your income. Our advisors will help you understand what you qualify for.

















Ready to explore your equity-options?

Apply online, request an appointment, visit a branch, or call us at 1-800-288-3425. We’re here to help. 
 
 
 


*APR = Annual Percentage Rate. Rate current as of 12/1/2025.
 
1The $250 closing cost credit is only available for new 5, 10, 15, or 20 year fixed-rate home equity loan applications submitted on or before 1/30/2026. To qualify, loans must close on or between 11/04/2024 and 2/13/2026. The credit will be applied at closing for actual costs incurred up to $250. The credit is not valid for any other loan products.
 
Home Equity Line of Credit: Monthly payment is 1.5% of the principal balance owed on the monthly billing date (minimum payment $75). 7.00% APR2 subject to change monthly for new loans. Maximum rate 18% APR2. Financing available up to 90% of value for qualified customers. Rate current as of 12/1/2025.

Interest Only Home Equity Line of Credit: Monthly payment is interest only based on the principal balance owed on the monthly billing date for 30 years with final balloon payment for principle balance. 7.50% APR2 subject to change monthly. Maximum rate 18% APR2. Financing available up to 90% of value for qualified customers. Rate current as of 12/1/2025.

2APR = Annual Percentage Rate. Payment does not include amounts for taxes & insurance and the actual payment obligation may be greater. Origination fees for other products may vary from $0-$1500. Other closing costs may apply.

Home equity loans are available to existing customers, or new customers who live or work in Minnesota, for properties located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI.