Local Home Equity Loans

A traditional home equity loan is a one-time loan that uses your home’s equity as collateral. A home equity line of credit (HELOC) also uses your equity as collateral, but credit lines can be used over and over again. While home equity loans use your home’s equity as collateral, you’re not limited to housing-related purchases.

A home equity loan allows you to borrow against the value of your home. You can receive a portion of your home’s equity – the difference between the amount owed on your mortgage and your home’s market value – in cash. For example, if your home is worth $250,000 and your mortgage balance is $150,000, you have $100,000 in equity.

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Fast, local loan decisions ensure we can get your HELOC (home equity line of credit) or home equity loan processed quickly – variable rates available.

When you need to borrow for a home renovation, tuition, or other expense and can afford to use your home as collateral, a Home Equity Loan or a Home Equity Line of Credit (HELOC) may be right for you.

Every time you make a mortgage payment or the value of your home rises, your equity increases. Find out if you have enough equity to be eligible for a home equity loan or HELOC, and how much you.

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A home equity loan from Heartland is the smart way to borrow. Got a home equity loan somewhere else – even at (gasp) a bank? Go Local and bring it to.

A Bank of Canton home equity loan offers borrowers an attractive fixed interest rate. Our local branch staff can explain the advantages of each, and help you.

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Home equity loans, also known as second mortgages, borrow against the value of the equity in your home. Applying for a home equity loan can be similar to the process of applying for an original.

Serving MetroWest Massachusetts, middlesex savings bank offers great rates home equity loans or lines of credit.

Equity Products What’s the difference between a fixed-rate equity loan and a Home Equity Line of Credit (HELOC)? With a Fixed-Rate Equity Loan, you receive the money you’re borrowing in a single payment, and the interest rate stays the same for the life of the loan.

If the home equity loan was used to improve the taxpayer’s home. mortgage interest and also had $3,000 in charitable contributions and $6,000 in state and local taxes would have been able to reduce.