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 With a home equity line of credit loan, you can establish a revolving line of credit secured by the equity in your home.
You decide when and how much to borrow by writing a check against the loan. You may borrow for almost any reason including home improvements, tuition, a new car or boat or personal investments. Your loan may even be tax-deductible. Please check with your tax advisor for qualifications.
The interest rate charged is based on prime rate. Haverhill Bank will pay closing costs if you draw a minimum of $20,000 at closing.
Need cash for home improvements or college tuition? Consolidate all of your bills into one monthly payment and lock in a super rate.
Rates are discounted for the life of the loan as long as automatic payments take place from a Haverhill Bank checking account. You may borrow up to 80 percent of the current market value of your home. You must draw a minimum of $20,000 at closing.
Rates are subject to change without notice. Call a loan officer for more information at (978) 374-0161.
Homeowners can borrow up to $15,000 for energy improvements to their homes with a MassSAVE® HEAT Loan. For qualified applicants, this is either a no interest or low interest loan.
The money can be used for new heating systems, insulation and replacement windows.
To apply, customers must own and live in a one to four family home and obtain a Home Energy Assessment through MassSAVE®. This is a limited time offer which ends on Dec. 31.
Call or visit any branch of Haverhill Bank for more information or visit MassSave®.
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