Home Equity Loans & Lines of Credit
The money you need is just inside your front door. Use the equity in your home to get a Home Equity Loan or Line of Credit to put toward remodeling projects, a new garage or an in-law suite, landscaping or even consolidating higher-rate loans and credit cards. Home equity loans can also be a good option if you’re facing a large, unexpected debt.
| Feature | Details |
|---|---|
| Loan Amount | $10,000 – $250,000 |
| Term | Various terms available |
| Loan-To-Value Ratio | Up to 95% of value minus current 1st mortgage balance |
| Closing Costs | None |
A Home Equity Loan provides you with a lump sum up to the amount you are qualified to take and a set monthly payment over a pre-determined term.
| Feature | Details |
|---|---|
| Loan Amount | $10,000 – $250,000 |
| Term | See Rates for details |
| Loan-To-Value Ratio | Up to 80% of value minus current 1st mortgage balance |
| Closing Costs | None |
A Home Equity Line of Credit provides you with the flexibility to draw from a lump sum you are qualified to take as you need the money. Payments are based on the amount of this lump sum you have used—along with any additional advances—plus interest each month.
Still Have Questions?
Call 978-323-2070 or visit any branch to speak with a Member Service Representative.