Which Loan is Right for You?

When a big expense is headed your way, the first question that often surfaces is "How will I pay for this?" And that’s a question we can help answer!

PWSB offers a variety of ways to borrow money:

Mortgage

One of the most popular reasons people take out a very large loan is to buy a home. This type of loan is called a mortgage. A mortgage is tied to your home, meaning you don’t fully own the home until the mortgage is paid off.

Most mortgages are available in very long terms, either 15 or 30 years. But other options exist that guarantee a fixed rate for a short period of time. A professional mortgage lender can walk you through the best option for your situation.

Home Equity Loans & Home Equity Lines of Credit

Homeowners have more options to borrow money. They can utilize equity in their home to borrow money for large purchases or to consolidate debt, either in the form of a home equity loan, or a home equity line of credit.

PERSONAL Loans

Other reasons to borrow money include cars, boats, RVs and motorcycles. Most people who want to purchase these items choose a personal loan. Personal loans are loans where you make a monthly payment to help pay back the loan over a period of time, usually three to six years. A car loan is an example of a personal loan.

The length of the loan can help you lower the monthly payment to make things affordable and comfortable within your budget. Personal loans are often a great alternative to a credit card because the interest rate is more competitive.

WAYS TO APPLY FOR A LOAN

With any of the loans below, you can easily apply online from your home, or, come into any of our branches in Ozaukee County, which include Mequon, Thiensville, Grafton, Cedarburg, Port Washington, Saukville, Belgium and Fredonia.  A full list of our locations is available on our hours and locations page. We also take loans over the phone; simply give us a call and we'll be happy to start the application process with you.