Home Equity

A Home Equity Loan or Line of Credit can be the answer when it’s time to take care of home improvements, pay school tuition, take a vacation or pay for unexpected life events. You just might find the cash you need right under your own roof. See which one is right for you.

Put your home's equity to work for you.

Home Equity

Home Equity Line of Credit

  • Borrow up to $500,000
  • Loan to Value – 80% Appraised
  • Varied monthly payments based on the amount you borrow
  • Access funds as you need them
  • 10 year draw period and 10 year repayment period

Fixed-Rate Home Equity Loan

  • Borrow up to $350,000
  • Loan to Value – 80% Appraised
  • Fixed monthly payments
  • Funds are distributed in one lump sum
  • 15 & 20 year options

Where we lend

We are happy to consider a real estate loan request for properties located anywhere in the Massachusetts counties of Middlesex, Essex, Worcester, Suffolk and Norfolk, as well as, properties located anywhere in the New Hampshire counties of Rockingham, Hillsborough, and Cheshire.

Apply Online
Home Equity Rates
Home Equity Line Calculators

From our customers
“Love Lakeside. Mario and staff always greet me by my first name.”

From our customers
“I am older and appreciate the ease of banking online. I always get good service at the branches I visit.”

From our customers
“Their community involvement has made a huge difference in Wakefield over the years.”

From our customers
“Great people. Great service. Convenient.”

From our customers
“I love it here!! Best service all around.”

From our customers
“I basically never have to go to the bank to deposit a check. it can be done from my phone saving me time, trips and gas which means I can focus on other important tasks.”

From our customers
“I found your online banking system very user-friendly. I also would like to mention that the staff in the Wakefield branch are professional and very helpful.”

From our customers
“Banking with The Savings Bank was with me for several years & it will always be my bank forever!!”

From our customers
“I spoke to Theresa today and she was incredibly helpful! That is why I bank with you! The personal touch is what makes the difference!”

From our customers
“Always helpful whether in the branch or online!”

From our customers
“I mostly use the Methuen branch. All of the tellers have been wonderful and the branch manager is fabulous.”

From our customers
“Such a great support center when you need help, and the technology has kept up. I use Zelle which solved a banking problem I had had for years. The team in Greenwood is absolutely excellent! Thank you all.”

From our customers
“Bank personnel are always so willing to help. They always greet us with a smile. In this world today, it makes us feel good!”

From our customers
“Competent, knowledgeable, customer-focused, and very warm and friendly employees.”

From our customers
“The whole banking center experience is excellent. The website is superior to most for my wants/needs to obtain and store on MY own computer our home banking records.”

From our customers
“Love the tellers at the Lynnfield Center location. Very professional and caring.”

From our customers
“The employees are knowledgeable, reliable, industrious as well as kind and personable.”

Talk to The Savings Bank

To find out how The Savings Bank can help you achieve all your financial goals, visit one of our offices, use our contact form, or call us at 800-246-2009.