Home Equity Loans
A home equity loan is a fixed-rate loan based on the equity in your home. You get all your money at once and pay it back in a fixed monthly payment.
- Fixed rates for a fixed amount
- Loans up to $400,000
- Quick approvals
- May be tax deductible*
*Please consult a tax advisor regarding the deductibility of interest charges.
*APR based on $10,000 Loan Amount. Maximum Loan-to-Value 80%. Minimum Loan is $10,000. Maximum Loan is $400,000.
Owner Occupied 1-4 Family Residential Properties & 1-2 Unit Second Homes
Home Owners insurance is required; flood insurance may be required.
First Liens: If the Bank takes a first lien, payments will not include taxes & insurance and your actual payment obligation will be greater. If the property is in a trust, you may be charged closing costs that range from $76 to $152. To obtain the discounted rate, payment must be withdrawn monthly from a Statement Account with North Easton Savings Bank.