Leverage the equity you’ve earned on your Southeastern Massachusetts or Rhode Island home to make renovations or fund a well-earned vacation. You can finance up to 80% of your home’s appraised value using its equity as collateral. Choose a fixed-rate home equity loan or variable-rate home equity line of credit (HELOC). Contact a Loan Officer to learn more.
If you are anticipating a large one-time expense Home Equity Loans can keep things simple by allowing you to borrow only the amount you need with fixed-rate monthly principal and interest payments. Use the money from your home’s equity for renovations or repairs, to pay off high-rate credit cards, and more. You can choose 5-, 10- or 15-year terms and lock in your monthly payment.
Variable rate Home Equity Lines of Credit allow you to withdraw funds as needed. Think of it as a financial safety net for unexpected expenses. You’ll make monthly payments only on the funds you use, and you can draw advances over 10 years (with 10 years to repay). We also offer a Special Home Equity Line of Credit, which features a discounted introductory rate.
Review current rates so you can shop for your next home more confidently.
Explore ratesContact our Consumer Loan Department to help you apply, learn more about rates or for any other personal lending needs. Contact Us.