Turn to our home equity line of credit (HELOC) for large expenses and projects.
Whether you’re looking to consolidate your debt, begin a home improvement or renovation project, finance a major expense, or take a dream vacation, a Home Equity Line of Credit from BankFive can help. Using the equity in your Massachusetts or Rhode Island home can be a great way to get the funds you need to turn your dreams into realities.
A home equity line of credit can provide financial flexibility.
- Funds available as a revolving credit line, similar to a credit card
- Draw on the funds for up to 10 years
- Pay interest only on the funds you use
- Ideal for large expenses or to consolidate debt at a lower interest rate
- Amount of equity available is based on the value of your house
Loan amounts up to $500,000 on primary residences and $250,000 on second homes
- View HELOC rates here
No matter what you're looking to do with your home's equity, BankFive is ready to help. Apply for a MA HELOC or a RI HELOC online, or contact one of our expert mortgage loan officers to learn more about our home equity lines of credit.
Home Equity Loans also available.
