Home Equity Line of Credit
A home equity line of credit, also known as a HELOC, allows you to borrow against your home’s equity. Our variable rate HELOCs are easy, affordable, reusable and offer a variety of financial benefits for homeowners.
815- 366-5453 (DIRECT)
Jim has over 30 years of banking experience. He is responsible for all aspects of the Bank’s retail lending other than owner-occupied first mortgages. This includes business development, origination, underwriting and servicing. The loan products include HELOCs, auto, boat and RV loans, and unsecured loans. Jim also works with small business clients to meet their credit needs.
Jim holds a BS in finance from Western Illinois University.
Tamara has been with OSB Community Bank since March 2019, and serves as our Retail Manager of our Ottawa branch facility. With over 15 years of retail lending experience, Tamara possesses the knowledge and expertise to meet the retail credit needs of our customers. Tamara holds an Associates Degree in Paralegal Services and has been involved in a number of community organizations and events.
Common Uses of a Home Equity Line of Credit include:
- Remodel, renovate or otherwise improve your house and property
- Pay for education expenses
- Fund the purchase of a second home
- Consolidate high-interest debts
- Dream vacations
- Flexible – our Home Equity Line of Credit give you the flexibility to draw on your account as your needs arise
- Accessible – access your funds anytime online, by phone or in person
- Reusable – pay your balance down and then borrow it again at a later date
- Affordable – low rate of interest
- Tax Deductible – payment may be deductible on your federal tax return (consult with your tax advisor)
Please Note: OSB Community Bank is committed to protecting your privacy and ensuring your private information is secure. For you protection, please do not send sensitive information such as account numbers, social security numbers, or private information through email.