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Home Equity Loans and Lines of Credit

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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.

Home Equity Line of Credit SPECIAL

  • Borrow up to $300,000
  • 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
  • Available for properties located in the Bank’s CRA area only

CRA Area

  • Andover
  • Lawrence
  • Lynnfield
  • Melrose
  • Methuen
  • Middleton
  • North Reading
  • Reading
  • Saugus
  • Stoneham
  • Wakefield
  • Wilmington

Home Equity Line of Credit

  • Borrow up to $300,000
  • 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 $200,000
  • Loan to Value – 80% Appraised
  • Fixed monthly payments
  • Funds are distributed in one lump sum
  • 15 & 20 year options