Home Equity Loans

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With a North Brookfield Savings Bank Home Equity Loan or Home Equity Line of Credit, you can tap into the equity you have in your home and save money with a rate that is traditionally lower than consumer loans. Plus, the interest you pay may be tax deductible (please, consult your tax advisor).

 

Fixed Rate Equity Loan

  • Access equity in your home without refinancing or paying closing costs or annual fees
  • Security of a fixed rate and payment
  • Borrow for any purpose

 

Adjustable Rate Line of Credit

With our Adjustable Rate Line of Credit you’ll enjoy the flexibility and freedom to “write your own loan” whenever you need it, just by writing a check.

  • Access the available equity you have in your home to make home improvements, pay tuition, buy a car or consolidate debt
  • Borrow as much or as little as you need, when you need it, up to a credit limit established at closing
  • As you repay your outstanding balance, the amount of available credit is replenished

With both products, you may be able to borrow up to 80%* of your home value (less the outstanding balance of your first mortgage and any other liens).

 

Other Advantages

  • No need to refinance first mortgage
  • Monthly detailed statements (Line of Credit)
  • Prompt approval
  • Competitive Rates

Plus, we’ve made it even more convenient for you to apply. You can apply online, call us at 508-867-1302 (Toll Free: 866-711-6272), or stop by any of our convenient locations. We’ll get back to you right away with the answer you need.

*80% of appraised value; 70% of assessed value.