MSB Logo
Enroll
Download Application
Enroll
Download Application
x

What to Know, Before You Go

You are leaving the McHenry Savings Bank website and going to a website operated by a third party not affiliated with McHenry Savings Bank. That site has a privacy policy and security practices different from that of the McHenry Savings Bank website. McHenry Savings Bank and its affiliates are not responsible for the content, policies or practices of third parties.

Click “OK” to continue or “Cancel” to go back

Express Equity Refi

$299 Total Fee

  • Loan approval in 3 business days*

  • Cash in hand in as early as 14 days*

  • Low fixed rate1

  • No additional costs for appraisal fees, title, or anything else!

Image of Express Equity ReFi

*References to speed of approval process and funding of loan are based on client submitting all documents and signatures when requested. If information is not received in a timely manner, approvals and/or funding of loan may take longer.

1McHenry Savings Bank (MSB) makes Express Equity Home Refi available in Northern Illinois and Southern Wisconsin for First Lien Position loans on single family owner occupied dwellings for Refinance/Cash Out transactions only (not for purchasing of a home). The minimum loan amount is $15,000 and the maximum loan amount is $175,000 and maximum loan-to-value (LTV) ratio of 75%. Offer subject to credit approval, which includes verification of application information and receipt of collateral documents. A flat fee of $299 applies and includes: documents, title and appraisals when necessary. No prepayment penalties. Initial rate is based on loan amount, LTV, term, credit and history. We may not extend credit to you if you do not meet MSB criteria. Terms offered for the Express Equity Home Refi are: 10 year or 15 year, fully amortizing. A Bonus Rate is offered of 0.10% Annual Percentage Rate (APR) if loan is enrolled in auto-pay. Other fees and restrictions may apply. Please consult with an MSB Personal Banker or Mortgage Officer at 815-385-3000 for more information on the Express Equity Home Refi including information about current rates and additional terms available.