Utilize the equity available in your home to finance certain items, including:
- Home improvements or home repairs
- Refinance options
- Vacation home
- College tuition
- Debt consolidation
Want to learn more about taking advantage of your home's equity?
Or call us at (978) 372-7731
Home Equity Line of Credit ( Interest Only )*
- The line of credit is a revolving loan, and as such, the principal automatically becomes available again as you repay it
- You can access your funds by logging in to Online Banking. When an Advance is made in Online Banking the funds are available immediately!
- Billed monthly for interest only
NOTE: An early termination fee may apply if paid and closed within the first twenty-four months.
Fixed Rate Home Equity Loan*
- You borrow a certain amount for a specific period of time
- Your payments are fixed so you have the stability of knowing what your monthly payment will be
- Flexible terms
* Both the Equity Line of Credit and Equity Loans are subject to the following conditions:
- There are no closing costs in most cases if loan is in a valid second mortgage position behind a bank or other financial institution. You may pay certain fees to third parties. These fees generally total between $0.00 to $1,000.00.
- Loans are limited to a person's primary residence (1-4 Family Property)
- Loans amounts range from $10,000 to $250,000
- The maximum combined loan to value is 80%.