Home Equity Loans
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. With both equity products, you may be able to borrow up to 80% of your home’s appraised value, less the outstanding balance of your first mortgage and any other liens.
- 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
- Competitive rates and prompt approval
- Access the available equity you have in your home to make home improvements, pay tuition, buy a car, consolidate debt or for any major expenses
- Borrow as much 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
- No need to refinance first mortgage
- Monthly detailed statements (Line of Credit)
- Prompt approval
- Competitive Rates
We’re to help with you with your Home Equity financing.