Welcome to Our New Website
Same Forte Bank you know and love, brand new look!
Your Next Project Starts Here
A home equity loan or home equity line of credit (HELOC) from Forte Bank may be the right solution for you.
Home Equity Loan vs HELOC
Home Equity Loan
A home equity loan is a one-time lump sum that is paid off over a set period of time with a fixed interest rate and fixed monthly payments.
- A single lump sum received at closing
- Fixed interest rate for predictable monthly payments
- Terms available for 5, 10, 15, or 20 years
- Ideal for one-time expenses with a known cost
HELOC
An HELOC is a revolving line of credit allowing you to borrow as much as you want up to your credit limit during the time limit set by the lender.
- Variable interest rate
- Only pay interest on the money you withdraw
- As you repay the principal, your credit is available to use again
- Ideal for ongoing, variable expenses
Loan Calculator
Use this helpful tool to calculate the cost of a home equity loan or line of credit.
Contact a lender for current interest rates.
Check Out Our Simplified Refi to Roll Your Variable Rate HELOC Into a Fixed-Rate Loan
Tired of watching rates go up? Forte Bank's Simplified Refi allows you to convert your variable-rate HELOC to a fixed-rate home equity loan. Closing costs are capped at $399, and documentation requirements are minimal!
Our Experienced Lenders Are Here to Help
A home lending expert from Forte Bank will personally assess your individual situation, answer all of your questions, and help you make the best choice.
Ask Your Lender:
- What is the term for the home equity loan?
- What is the life span for the line of credit?
- How much of a loan or line of credit do I qualify for?
- Can I renew my line of credit when it expires?
- What are the interest rates for both products?
- Do I have to use my line of credit right away? (Is there a minimum withdrawal upon closing?)
- Are there any circumstances under which the bank can freeze, reduce or demand full payment of my loan?
- If my house is on the market, can I still apply?
From the Blog
Find expert advice and news related to your money and everyday banking.
Turning a Day Off into a Day of Impact
Forte Bank turned the federal holiday into a day of impact across Washington County.
BCT Service Heat Treating
This month, we’re featuring BCT Service Heat Treating (BCT), Inc., a partner crafting exceptional metallurgical solutions right here in Milwaukee, Wisconsin.