Home Equity Products
Your home may be your largest and best investment. Use the equity in your home to:
- Pay for major home improvements
- Consolidate high rate credit card debt
- Pay for tuition expenses
- Finance a once-in a-lifetime vacation
...and may still maintain the benefit of a full tax deduction on the interest you pay.+
Whether you want the convenience and flexibility of having funds available to access whenever you choose, or whether you need the funds all at once and want a fixed monthly payment, we can help. You can choose between a Home Equity Line of Credit or a Fixed Rate Home Equity Loan to suit your particular needs:
Fixed Rate Home Equity Loan
Fixed Rate Home Equity Loan:
This product offers a fixed rate and term, secured by the equity in your home.
- Borrow up to 80% of the property value
- Flexible repayment terms between 5 and 15 years
- Low fixed rate predictable repayments
- All funds disbursed up front
- No application fees, no annual fees and closing costs **
Home Equity Line of Credit
This product offers a revolving line of credit, secured by the equity in your home:
- Access your line by simply writing a check
- Use only what you need, when you need it
- Variable interest rate based on the WSJ Prime Rate (Advantage Banking Customers qualify for special reduced rates)
- Available with Interest Only Repayment Option
- No application fees, no annual fees and no closing costs ***
Advantage Banking Customers qualify for special reduced rates.
CLICK HERE TO LEARN MORE ABOUT HOME EQUITY LOANS FROM OUR FINANCIAL ANSWER CENTER
** Fixed rate loans available on owner-occupied qualified properties in MA for loan amounts of $25,000 and greater and subject to credit approval. Loan subject to $300 early termination fee in the first 36 months. Trust review fees, discharge fees or appraisal fees may apply. Hazard insurance required.
*** Home equity line of credit available on owner-occupied and non-owner occupied qualified properties in MA. Closing costs may apply for non-owner occupied properties.
+ Please consult your tax advisor for interest deduction limitations.
